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Dean Russell

Autumn Statement

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Wednesday, 22 November, 2023
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Dean Russell MP

Today, the Chancellor announced 110 measures which will help grow our economy, back British businesses, cut tax and reward hard work.

✅ National insurance will be cut by 2 percentage points from January for more than 27 million people.

✅ Triple lock on pensions secured, with an 8.5% increase on the State Pension.

✅ The largest business tax cut in modern British history, boosting investment from the private sector.

✅ National Living Wage will increase by 10% to £11.44.

✅ Cutting taxes for 2 million self-employed.

✅ Backing our high streets by extending business rates relief to 2025.

✅ Benefits to rise in line with inflation.

✅ Alcohol duty frozen until next August.

✅ Cost of Living Support package increased to £104 billion supporting the most vulnerable.

The Office for Budget Responsibility has confirmed that the decisions taken today will boost business investment by £14 billion, bring a further 78,000 people into employment and bring down inflation to 2.8% by end of next year.

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Dean Russell

Thank you

Monday, 15 July, 2024
They say a week is a long time in politics and that couldn’t be more true with the election only just a week or so ago.  Now that my Parliamentary office has been emptied, my pass has been deactivated, my meetings have begun on my team’s redundancies and winding down has started, I felt it wou

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