Rolling coverage of the latest economic and financial news, as analysis shows the budget will mean a net tax cut of £9bn in the election year
Yesterday, Jeremy Hunt floated the idea that national insurance could be abolished, by vowing to end the unfairness of “double taxation” by income tax and NI.
And this morning, Labour are demanding to know how this could be paid for.
“Yesterday, at the end of the Budget, the Chancellor started floating this idea that he was going to get rid of National Insurance altogether.
“Well, that would cost £46bn. And I would like to know where that money is going to come from, because I just wouldn’t make a promise like that without being able to say where the money is going to come from.
Continue reading…Rolling coverage of the latest economic and financial news, as analysis shows the budget will mean a net tax cut of £9bn in the election year‘We deserve better’: what the papers say about Jeremy Hunt’s pre-election budgetYesterday, Jeremy Hunt floated the idea that national insurance could be abolished, by vowing to end the unfairness of “double taxation” by income tax and NI.And this morning, Labour are demanding to know how this could be paid for.“Yesterday, at the end of the Budget, the Chancellor started floating this idea that he was going to get rid of National Insurance altogether.“Well, that would cost £46bn. And I would like to know where that money is going to come from, because I just wouldn’t make a promise like that without being able to say where the money is going to come from. Continue reading…
