Boris Johnson will cut National Insurance tax for millions of Brits if he wins next election

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BORIS Johnson will cut taxes for millions of Brits if he wins the next election, the PM confirmed.

The Prime Minister confirmed he would hike thresholds for National Insurance from 8,600 to 12,000 on a visit to Teeside today.

Boris has vowed to cut taxes for millions of workers

He told workers at a factory on the River Tees: “We are cutting tax for working people.”

It means anyone earning under 12,000 on Pay As You Earn (through an employer) will be taken out of paying National Insurance altogether.

Everyone earning more than that could see a tax cut of around 460 a year.

The cut would help the lowest paid workers the most, who have already benefited from the Tories’ raising of the limit they start paying income tax over the last five years.

Business Secretary Andrea Leadsom dropped a huge hint that the move was coming last month, saying: “A Conservative government will always be a tax-cutting government.

“We will set out more in the manifesto about our ambition for income taxes.”

The PM was due to reveal tax cuts in the Budget –but that’s now been scrapped because of the impending election.

Back in June before he became PM he said he was prepared to increase the public debt to cut taxes.

He suggested he would take anyone earning12,000 or less out of national insurance.