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.
The Chancellor, George Osborne’s second Budget of this parliament was billed as a Budget for the next generation and it was not expected to be radical but the announcements made yesterday were wide ranging and there have been some fairly major changes to digest on the tax front.
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