Spring Statement 2022: Chancellor rejects calls to delay National Insurance increase

NI thresholds raised by £3,000

Hemma Visavadia
clock • 2 min read
HM Treasury/Flickr
Image:

HM Treasury/Flickr

Chancellor of the Exchequer, Rishi Sunak, has confirmed that National Insurance (NI) contribution increases will go ahead as planned from April next year, but has revealed a lift in the threshold by £3,000.

In the Spring Statement, Sunak said the "difficult but responsible decision" to raise NI contributions was to help support social care and NHS funds. However, to help shoulder the new levy and t...

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