Mar 15, 2017
National Insurance U-turn
Reality Check verdict: About 80% of self-employed workers will pay less National Insurance from April 2018, with the rest seeing no change after the government abandoned changes announced in the Budget. Chancellor Philip Hammond announced on Wednesday that he would not be raising Class 4 National Insurance contributions as he had planned to in last week's Budget. Class 2 National Insurance contributions will still be abolished from April next year. They do not pay any National Insurance and will still not pay any - that is about one million people. He said: "Of the 15% of people who are self-employed, 60% will see a reduction in their National Insurance charge. Anyone earning less than £16,250 a year will see a reduction in the National Insurance contributions they pay."
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