Treasury minister Bim Afolami says Tories want to scrap National Insurance if re-elected, after 2p cut in...

  • 📰 LBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 74%

İnsurance İnsurance Headlines News

İnsurance İnsurance Latest News,İnsurance İnsurance Headlines

Treasury minister Bim Afolami has claimed the Conservative government wants to wipe out National Insurance tax if re-elected at the next general election.

Mr Afolami told LBC's Andrew Marr this evening that the Conservatives would "continue along the track" of cutting taxes, and eventually want to disband National Insurance altogether.It comes after Chancellor Jeremy Hunt during his Budget announced a 2p cut to National Insurance contributions for employees that will come into effect from April 6, and would save around £450 a year for someone on a full-time salary of £35,000.

"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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 17. in İNSURANCE

İnsurance İnsurance Latest News, İnsurance İnsurance Headlines