Mar 9, 2017
Budget 2017: No rethink on National Insurance rises - minister
Ministers have rejected calls for a rethink on National Insurance increases for millions of self-employed workers announced in the Budget. "At a time when - unlike what has happened in the past - essentially the benefits that the self-employed receive for their contributions are largely the same as employed people do, it is wrong that employed people pay a lot more in National Insurance contributions." The Conservatives' last general election manifesto explicitly ruled out rises in National Insurance, VAT and income tax during the lifetime of the current Parliament. In the wake of Philip Hammond's Budget announcement, ministers argued that legislation enshrining the manifesto commitment in law - approved by Parliament in 2015 - only referred to national insurance contributions paid directly by employers and their employees. Wednesday's changes would see the 9% rate of Class 4 National Insurance contributions currently paid by those earning between £8,060 and £43,000 go up to 10% in April 2018 and to 11% in April 2019.
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