In his budget, Chancellor Rishi Sunak will reveal that employers will no longer pay any National Insurance Contribution, for the nation’s ex-armed forces personnel, during the 1st year of their job.
This is a part of the government’s ongoing project to better the veteran’s difficulties and will save the companies from £2000 in tax when they hire a worker on a £25,000 salary.
The treasury minister dubs the chancellor’s first financial blueprint as the nation’s “Manifesto Budget”.
Mr. Rishi Sunak told in his interview with the Sun that, the UK owes a lot to all the ex-servicemen for keeping the nation safe, and it is only right if he takes the step to help them in every possible way.
He also said that the budget will be delivered as it was promised to the veterans and the rest of the British citizen.
Veteran Minister, Mr. Johnny Mercer expressed his thoughts by saying that the government will do everything they can for the veterans, and help them go back to their civilian life once more.
These particular government measures will enable them to receive secured employment and will help in ensuring more support towards those who require mental support.
Mr. Sunak has already planned to dole out a whopping £10million for those veterans, who need a great deal of mental health support. This will be an additional fund that will be distributed by the Armed Forces Covenant Fund Trust.
The chancellor will also provide £3million to build a memorial for the iconic Spitfire fighter plane, and for all those individuals who have built the airplane during World War II.
Also, it came out last night that Mr. Sunak will announce a £1billion deal with the mobile phone companies to improve the poor and patchy network coverage in remote areas.
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