Rishi Sunak and Jeremy Hunt 'aim to axe National Insurance entirely', as Labour call Budget 'damp squib'

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Rishi Sunak and Jeremy Hunt have signalled they want to scrap National Insurance altogether, after a Budget that saw contributions cut.

Mr Hunt announced a 2p cut to National Insurance contributions for employees in his Budget on Wednesday, from 10%-8%, with the change to come into effect from April 6. The cut would save around £450 a year for someone on a full-time salary of £35,000. The Chancellor told the House of Commons that he national insurance contributions on top of income tax amounted to "double taxation" and said he wanted to "end this unfairness".

" Asked about a promise made by Rishi Sunak when he was Chancellor, claiming the Conservatives would cut income tax by the next election, Mr Afolami refused to confirm if the plan was still in place."I don't want to suggest what will happen beyond this event," the treasury minister said.He also refused to confirm if the Conservative government was planning to deliver another Budget in the Autumn ahead of a general election later this year.

 

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