Conservatives pledge to deliver further cuts to National Insurance
Rishi Sunak delivered the party’s election manifesto at Silverstone
Rishi Sunak delivered the party’s election manifesto at Silverstone
Industry commentators warn this could ‘backfire’ on British businesses
‘Double-whammy’ of cuts will lower the main NI rate from 12% to 8%, but could ultimately see UK workers unknowingly pay more
Change estimated to bring in £2.7bn each year
Also extends business rate support in measures targeted at SMEs
Additional £5,000 top up also announced in spring budget.