Mar 9, 2017
National Insurance rise 'fair', says PM
Theresa May has defended the National Insurance increase for self-employed workers - saying it will make the system "Fair". Mrs May said the poorest workers would pay less and the change would "Close the gap in 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 Mr 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 self-employed people earning between £8,060 and £43,000 go up to 10% in April 2018 and to 11% in April 2019.
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