Tories target National Insurance for cuts
Hike in national insurance will see a partial reversal from a Tory government
George Osborne
The Tory party has signaled a willingness to cut the hike in National
Insurance due to take effect from April next year, if it wins power in the
upcoming General Election.
The rates for both employers and employees is due to rise by 1%.
Reports in this morning’s press, based on unnamed sources, suggest the
Conservatives will cut that rise by half. Others suggest the reduction in the
rise will be restricted to those on lower incomes
The move comes ahead of
tonight’s
debate between the three main candidates for the chancellor’s post, Alistair
Darling, Vince Cable and George on Channel 4 at 8pm.
The cut appears to give George Osborne ammunition for the debate but Darling
and Cable are likely to attack it on the detail.
Read more:
Insider Blog:
The
great chancellor debate