Households up and down the country are set to have an extra £500 in their pockets every year from this week. Millions of families will be £500 better off thanks to a government decision on National insurance (NI) contributions.
NI contributions went up by 1.25 percentage points back in April, which the government said was to help pay for social care and fund the struggling NHS. Most of the measures announced in Kwasi Kwarteng's doomed September mini-budget have been axed.
However, the former chancellor's decision to reverse the April NI increase has been retained with the cancellation of the rise coming into effect on November 6. This means millions of people will have the extra money in their pockets from this week, Wales Online reports.
