Nov 20, 2019

General election 2019: Boris Johnson pledges cut to National Insurance

Boris Johnson says workers will not have to pay National Insurance until they earn £12,000 if the Conservatives are elected to power. The Institute for Fiscal Studies had estimated the proposed rise to £12,500 - which would would match the threshold where workers start paying income tax - would cost £11bn. On a visit to an engineering plant, Mr Johnson was asked by one of the workers whether his pledges for low tax were "For people like you... or people like us". "We are going to be cutting national insurance up to £12,000 [and] we are going to be making sure that we cut business rates for small businesses. We are cutting tax for working people." Has Boris Johnson just accidentally revealed his big election tax pledge? It sounds like it. National Insurance is a tax paid by workers and the self-employed who are over 16, with the amount varying depending on how much you earn.

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