PM puts brakes on NI rise for self-employed

Chancellor announced 1% rise in Budget

clock • 1 min read

Prime Minister Theresa May seems to have bowed to political pressure over the Chancellor's tax policy, having excluded his National Insurance hikes from the Finance Bill.

Though May (pictured) backed Philip Hammond's controversial National Insurance changes for the self-employed, she retreated on when they will be introduced. Instead of being included in the Finance Bill, which implements the Budget, they will be brought in as part of separate legislation in the autumn, SkyNews reported. She also pledged the Chancellor would speak to Tory backbenchers about their concerns and publish a paper explaining the proposals before they are introduced. Hammond had announced in the Budget National Insurance contributions for the self-employed would rise fro...

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