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<p>The estimated number of people who financially benefited from the National insurance
reduction in the Autumn Statement and Spring Budget and the associated financial gain
for an average employee on £35,404 can be seen in Table 1 below:</p><p> </p><p>Table
1: gain for an average employee on £35,404 from reductions to National Insurance announced
in the Autumn Statement 2023 and Spring Budget 2024</p><table><tbody><tr><td><p><strong>2024
to 2025 tax year impacts</strong></p></td><td><p><strong>Autumn Statement only </strong></p></td><td><p><strong>Spring
Budget only </strong></p></td><td><p><strong>Cumulative Spring Budget and Autumn Statement</strong></p></td></tr><tr><td><p><strong>Number
of people who financially benefitted from the NICs reduction, 1000s</strong></p></td><td><p>29,300</p></td><td><p>29,500</p></td><td><p>29,500</p></td></tr><tr><td><p><strong>Gain
for average employee with mean employee salary of £35,404</strong></p></td><td><p>£457</p></td><td><p>£457</p></td><td><p>£913</p></td></tr></tbody></table><p>
</p><p>The estimated average financial gain among those benefitting from both the
Autumn Statement 2023 and Spring Budget 2024 National insurance reduction, by region,
can be seen in the Table 2 below:</p><p> </p><p>Table 2: average financial gain and
cumulative gain from reductions to National Insurance announced in the Autumn Statement
2023 and Spring Budget 2024, by region</p><p><strong> </strong></p><table><tbody><tr><td><p><strong>2024
to 2025 tax year impacts</strong><strong> by region</strong></p></td><td><p><strong>Number
of gainers, 1000s</strong></p></td><td><p><strong>Average gain, Spring Budget only
</strong></p></td><td><p><strong>Average cumulative gain, Autumn Statement and Spring
Budget</strong></p></td></tr><tr><td><p>North East</p></td><td><p>1,060</p></td><td><p>£316</p></td><td><p>£632</p></td></tr><tr><td><p>North
West and Merseyside</p></td><td><p>3,140</p></td><td><p>£321</p></td><td><p>£644</p></td></tr><tr><td><p>Yorkshire
and the Humber</p></td><td><p>2,330</p></td><td><p>£313</p></td><td><p>£628</p></td></tr><tr><td><p>East
Midlands</p></td><td><p>2,110</p></td><td><p>£322</p></td><td><p>£645</p></td></tr><tr><td><p>West
Midlands</p></td><td><p>2,500</p></td><td><p>£322</p></td><td><p>£645</p></td></tr><tr><td><p>East
of England</p></td><td><p>2,830</p></td><td><p>£360</p></td><td><p>£720</p></td></tr><tr><td><p>London</p></td><td><p>4,350</p></td><td><p>£381</p></td><td><p>£763</p></td></tr><tr><td><p>South
East</p></td><td><p>4,120</p></td><td><p>£369</p></td><td><p>£738</p></td></tr><tr><td><p>South
West</p></td><td><p>2,420</p></td><td><p>£327</p></td><td><p>£655</p></td></tr><tr><td><p>Northern
Ireland</p></td><td><p>807</p></td><td><p>£308</p></td><td><p>£618</p></td></tr><tr><td><p>Scotland</p></td><td><p>2,430</p></td><td><p>£338</p></td><td><p>£677</p></td></tr><tr><td><p>Wales</p></td><td><p>1,240</p></td><td><p>£320</p></td><td><p>£642</p></td></tr><tr><td><p><strong>Total</strong></p></td><td><p><strong>29,500</strong></p></td><td><p><strong>£341</strong></p></td><td><p><strong>£683</strong></p></td></tr></tbody></table><p>
</p><p>These are the modelled average impacts rather than the impacts for an average
full time employee (on a given salary), for example the £900 gain previously published
for the cumulative impacts.</p><p> </p><p>The Autumn Statement 2023 National insurance
reduction estimates are based upon the 2019 to 2020 Survey of Personal Incomes, projected
in line with economic assumptions consistent with the Office for Budget Responsibilities
November 2023 Economic and Fiscal Outlook.</p><p> </p><p>The Spring Budget 2024 National
insurance reduction estimates and cumulative estimates of both policies are based
upon the 2019 to 2020 Survey of Personal Incomes, projected in line with economic
assumptions consistent with the Office for Budget Responsibilities March 2024 Economic
and Fiscal Outlook.</p><p> </p>
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