Chancellor Rishi Sunak has recently delivered his Spring Statement announcing a number of tax cuts to Parliament to deal with the cost of living crisis.
Inflation has risen to 6.2% the Chancellor has revelaed that the payment threshhold for National Insurance will rise to £12,570 from July 2022. The Chancellor has also announced that income tax will be reduced from 20% to 19% in 2024 which would see an average tax palyer benefit from up to £175 a year.
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