Neil MacGillivray: NIClear fallout

NIC regime is dated, complex and unfair

clock • 3 min read

There are some good reasons why Chancellor Philip Hammond does not seem too bothered by his supposedly disastrous U-turn on increasing Class 4 National Insurance contributions, explains Neil MacGillivray

I rarely feel sorry for politicians but I do for Philip Hammond. The Chancellor of the Exchequer is far from an easy role and always open to criticism that is regarded as just part of the job. The political fallout, however, over his U-turn on increasing Class 4 National Insurance contributions (NICs) is completely disproportionate. You would think from some of the commentary that something cataclysmic had happened. U-turns by a chancellor are nothing new. How can we not forget George Osbourne's 2012 budget and the failed attempt at the introduction of the so-called ‘pasty tax'?  Give...

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