I have been sent a reminder of changes coming in this April. We want to support people in work, as well as ensure the welfare system works as a safety net for those who need it.
The measures include:
A further increase in the Personal Allowance to £11,500; an increase of over 70% since 2010. Since the start of this Parliament we have cut income tax for 31m people and taken 1.3m of the lowest paid out of income tax altogether.
Increasing support for low earners by raising the National Living Wage to £7.50.
Helping working parents with childcare costs by launching Tax Free Childcare from 28 April – saving working parents up to £2000 per year for each child under the age of 12.
Increasing income for 3 million households by reducing the Universal Credit taper rate from 65 per cent to 63 per cent.
Investing £330m in practical employment support to help disabled people back into work.
Helping savers with the launch of a new NS&I bond offering a market-leading interest rate of 2.2% and increasing the annual ISA limit to £20,000.