Chancellor unveils 2p national insurance cut but thinktanks warn next government faces fresh round of austerity
Jeremy Hunt announces tax cuts for firms and workersAutumn statement 2023: key points at a glanceWhat it means for people on a range of incomes
Jeremy Hunt sought to blunt the impact of the highest levels of taxation since the second world war with a cut in workers’ national insurance contributions, fuelling speculation about a snap spring general election.
With the Conservatives trailing in opinion polls, the chancellor used a fresh squeeze on public spending to pay for a bigger-than-expected reduction in NICs worth £450 a year to the average employee, coupled with permanent 100% investment breaks for business.
Continue reading… The Guardian Read More Chancellor unveils 2p national insurance cut but thinktanks warn next government faces fresh round of austerity Jeremy Hunt announces tax cuts for firms and workersAutumn statement 2023: key points at a glanceWhat it means for people on a range of incomesJeremy Hunt sought to blunt the impact of the highest levels of taxation since the second world war with a cut in workers’ national insurance contributions, fuelling speculation about a snap spring general election.With the Conservatives trailing in opinion polls, the chancellor used a fresh squeeze on public spending to pay for a bigger-than-expected reduction in NICs worth £450 a year to the average employee, coupled with permanent 100% investment breaks for business. Continue reading…
