answer text |
<p>The government is committed to making work pay and keeping more money in people’s
pockets.</p><p> </p><p>On 1 April we saw another above inflation increase to our National
Living Wage, meaning a full-time worker on the National Living Wage will be earning
£690 more over the coming year. And the personal allowance has increased to £12,500,
meaning a typical basic rate taxpayer will pay £130 less tax than in 2018-19 and £1,205
less tax than in 2010-11.</p><p> </p><p>Economic growth is key to growing wages. That’s
why we’re investing record amounts in infrastructure, supporting businesses to grow
and keeping taxes low. Wages are growing strongly, at 3.2% in the latest data and
have outstripped inflation for 12 consecutive months.</p><p> </p><p>The government
has an aspiration to end low pay and will set a new remit for the Low Pay Commission,
for the years beyond 2020, later this year.</p><p> </p>
|
|