Hunt: Budget ‘overdelivers’ for people in work
Chancellor Jeremy Hunt tells ITV’s Robert Peston plans to cut tax paid by workers from April is a “big, big over delivery”. In his announcement on Wednesday, the chancellor cut workers' National Insurance by another 2p in the Budget, meaning it falls from 10% to 8%.
Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Transcript
00:00 If you're at work, he's delivered not a penny off income tax, he's delivered four pence
00:05 percentage cuts in the tax he paid.
00:07 So you're saying it's the equilibrium and therefore that is dead as a policy?
00:09 So it is a big, big over-delivery for people in work, yes.
00:13 And what about people who aren't in work, who would quite like that penny?
00:16 Well, we help them in different ways.
00:18 You know, for pensioners, we've, you know, two years in a row we've protected the triple lock,
00:25 which seen a state pension this year alone, it'll be going up by £900.
00:31 So we understand the challenges that lots of people are facing and we'll always try to help them in different ways.