U-turn on National Insurance rise for self-employed

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The Chancellor Philip Hammond has said the Government will not proceed with the hike in National Insurance contributions for the self-employed, announced in the Budget.

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The Chancellor has abandoned plans to increase National Insurance

According to reports, in a letter to Conservative MPs, the Chancellor said ‘there will be no increases in rates in this Parliament’.

It comes less than a week after the Prime Minister Theresa May revealed plans to delay legislating for the increases until the autumn, rather than this spring as expected.

It follows a public rebellion by senior Conservatives, including Guto Bebb, the junior Wales Office minister who is also a whip, who accused the Government of breaking a general election manifesto commitment not to increase National Insurance.

 

 

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