Chancellor’s ambition to eventually abolish NI would cost £46bn a year, Labour says – and questions how move would be paid for
Income tax may eventually have to increase to pay for abolishing national insurance, Jeremy Hunt has suggested the day after delivering the government’s spring budget.
The chancellor spent about £10bn to cut NI by 2p in the budget, and has indicated that the government’s eventual ambition is to scrap the tax entirely.
Continue reading…Chancellor’s ambition to eventually abolish NI would cost £46bn a year, Labour says – and questions how move would be paid forUK politics – latest updatesIncome tax may eventually have to increase to pay for abolishing national insurance, Jeremy Hunt has suggested the day after delivering the government’s spring budget.The chancellor spent about £10bn to cut NI by 2p in the budget, and has indicated that the government’s eventual ambition is to scrap the tax entirely. Continue reading…