Politics

U-turn over Budget plan to increase National Insurance

[ad_1] Media captionMay: No National Insurance increases in this Parliament Plans to increase National Insurance rates for self-employed people – announced in the Budget last week – have been dropped. Chancellor Philip Hammond has said the government will not proceed with the increases which were criticised for breaking a 2015 manifesto pledge. He told MPs […]

Politics

A record breaker

[ad_1] Chancellor Philip Hammond may have set a record by scrapping a planned rise in National Insurance for the self-employed less than a week after announcing it – here are some other contenders for quickest political U-turn of recent times. Pasty tax (announced March 2012 – abandoned May 2012) Image caption The pasty tax row […]