Today marks a significant step forward for the British people, as we successfully passed the National Insurance Bill in the House of Commons. This pivotal legislation paves the way for the delivery of the promised tax cuts highlighted by the Chancellor in the recent Autumn Statement.
Approximately 27 million employees and over 2 million self-employed individuals across the United Kingdom stand to benefit from these changes. The passage of this bill is a testament to our commitment to support hardworking individuals and foster a favourable environment for entrepreneurship and business growth.
I am delighted to have been a part of this process and am confident that the positive impacts of this bill will be felt by millions, stimulating our economy and providing much-needed relief in challenging times.
We remain steadfast in our promise to the nation to create a more prosperous economy for all, and today's progress is a crucial milestone in that journey.
