Wallasey families set to gain from Conservative Budget

While Wirral Labour last week increased Council Tax for residents, the Budget this week by the Chancellor is set to cut taxes for families across Wallasey and Moreton.

The budget will put more money in peoples’ pockets with a £200 tax cut for the typical family.

Conservatives will increase the National Insurance threshold to £9,500 this April, benefiting 31 million people with a typical employee saving over £100 in 2020 – the first step to reaching our ambition to increase the threshold to £12,500. 

Conservatives are also increasing the National Living Wage to boost the wages of the lowest paid. The National Living Wage will increase by 6.2% to £8.72 from April. The Budget commits to a new ambitious target for the National Living Wage to end low pay and extend this to workers aged 21 and over by 2024. 

This Government will also create an entitlement to Neonatal Leave and Pay to support parents with the stress and anxiety of having a baby in neonatal care. For employees whose babies spend an extended period of time in neonatal care, Conservatives will provide up to 12 weeks' paid leave.

Protecting access to cash and supporting alternatives to high-cost credit. Conservatives will bring forward legislation to protect access to cash and to allow credit unions to offer a wider range of services and products.

 

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