Reversal of the “fundamentally unfair” NI hike a welcome step
“The reversal of the NI increase is a welcome step in the direction of lower taxes and boosting growth.
“The NI increase cost the average taxpayer £270 per year while making it more expensive for businesses to hire and expand while raising relatively little money. It was also fundamentally unfair to tax younger workers to fund social care benefits for the older asset-rich.
“Tomorrow’s fiscal statement is a historic opportunity to set Britain on a more prosperous path.”
Notes to editors
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