Simon Fell, the MP for Barrow and Furness, has welcomed news that tax cuts will help put more money in your pocket.

Starting from January 6, National Insurance contributions for 27 million working people were cut from 12 per cent to 10 per cent.

This will result in an extra £450 being available in the pockets of workers earning £35,000.

Mr Fell said: "The Prime Minister made a promise to people across the North West that taxes would be cut when inflation was falling and that is what this Conservative Government is delivering today."

The Government had set themselves a target of halving inflation before proceeding with tax cuts.

They will now focus on cutting National Insurance for the self-employed, delivering a total average saving of £340 a year which will come into force later in 2024.

“This means people get to keep more of their hard-earned money, ensuring work always pays under a Conservative Government," Mr Fell added.

The news means that a senior nurse with five years of experience will receive an annual gain of £600, whilst a typical police officer will receive an annual gain of over £630.

The average junior doctor will see an annual gain of over £750, whilst a family with two earners on the average age will be £900 better off.

Chancellor of the Exchequer, Jeremy Hunt, said: “With inflation halved, we’ve turned a corner and are cutting taxes, starting with today’s record cut to National Insurance worth nearly £1,000 for a household.

“From nurses and brickies, to cleaners and butchers, 27 million hard-working Brits will have a little more cash in their pockets.”

The cuts have come about following the Autumn Statement for Growth, which Mr Fell backed last year.