Boris Johnson hosts cabinet meeting before resignations

The video discusses the pressure on the labour market due to a shortage of skilled workers. It highlights the success of the Department of Work and Pensions in moving 500,000 people from welfare to work, saving taxpayers money and helping employers. Additionally, it announces a major tax cut for 30 million British workers, saving them up to £330 annually on National Insurance contributions.

In what ways did the actions taken by the Department of Work and Pensions transform lives?

What was the significance of the tax cut mentioned in the text?