BUDGET 2002: NI to rise 1% next April
The chancellor has announced national insurance contributions will increase by 1% from next April for employers, employees and the self-employed.
Gordon Brown said the move was to be introduced in an effort to raise an additional £5bn a year to be pumped into the NHS.
He added that the £30,420 personal allowance ceiling would remain in place but would be adjusted in line with inflation to £30,940.
He said: ‘Everyone should make a fair contribution to health insurance through national insurance.’