In a sharp U-Turn to the hike in Class 4 National Insurance Contributions (“NICs”) announced only a week ago, The Chancellor announced today that there will be no increases to NIC in this Parliament.
15th March 2017
10th March 2017
The Chancellor, Philip Hammond delivered his first Budget to the House of Commons yesterday calling for a “stronger, fairer, more global Britain”. With the rise in National Insurance Contributions for the self-employed making headlines across Britain, Mr Hammond is facing a backlash over the announcement, with many claiming it clearly breaks the Tories 2015 manifesto pledge not to raise taxes.