Brexit: Boris Johnson declares tax cut

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As the United Kingdom officially break out of the European Union, the Prime Minister, Boris Johnson declares a tax cut for 31 million people to celebrate Brexit.

To give workers the feeling of an immediate Brexit bounce, Johnson approved an increase in the threshold at which workers start paying National Insurance from £8,628 to £9,500, resulting in a tax cut of £104 for a typical employee starting in April.

Johnson also received a boost from Mike Pompeo, the US Secretary of State, who said after meeting him in Downing Street that Britain would be “at the front of the line” for a transatlantic trade deal.

In an interview with British medium, The Telegraph, Pompeo said Britain and the US could raise the special relationship “one last level” and agree a “gold standard” trade agreement.

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