Chancellor Cuts National Insurance Another 2% In Budget
In the News
Great news off the back of the budget today.
The Chancellor Jeremy Hunt has announced that he will cut National Insurance contributions again from the 6th April. It used to be 12% but was cut to 10% from January and now another cut to 8%.
Someone who earns around £25,000 salary will see their contributions fall by approximately £249 a year on top of the cut in January.
£12,571 to £50,270 earners will now pay 8% National Insurance from 12% in previous years.
Do you think this is a step in the right direction?
He has also raised the threshold which people can claim child benefit. It used to be £50,000 before a sliding scale of reductions to the payments were made stopping altogether when you reached £60,000 now it will be £60,000 with a sliding scale and stopping altogether at £80,000.
Makes no difference to me. I'm an OAP so don't pay NI anymore.
What has he given us is more to the point
I really can't see the point of this, he should be raising VAT on mainly luxury imported goods to reduce demand and using those earnings to pay off national debt which is at crippling levels. He needs to focus on returning the UK to a trading surplus and stopping borrowing. This is just nonsense minor adjustment of taxation without any real purpose or goal.
BonzoBanana I don't think they care what they do as they realise that there is no chance of staying in power after the election so they are trying to make things difficult for the next government. It's a shame that they aren't doing what is best for the country instead of being petty with these dirty tricks, but then I suppose they all do it. It's no wonder we are in such a mess!
tumblespots I've been around a few decades now and I've gone from trusting politicians as a naïve teenager to a deep distrust and understanding the utter incompetence of almost all politicians. We are in an economic crisis with a staggering level of debt that needs explaining to the population and radical new policies. What we get instead is utterly useless individuals with little common sense but huge egos who are clueless about the reality of the real world. Last financial year I think the government paid £112 billion in interest payments on our debts, they are still borrowing but just servicing the debt cost £112 billion or 112 thousand million pounds or about £4000 of debt interest being paid for every working person in the UK. That is £4000 not going into our own country but paying just the interest on debts. That's a sizeable chunk of all the tax paid by working individuals each year.
Is this even explained in the media, no it isn't because the media has become utterly incompetent in themselves focusing on personality politics and trivia.
You can't tackle problems unless you face them.
BonzoBanana This may be removed!
The government hasn't much of a brain, I keep thinking perhaps they all share one between them? Collectively, through their actions, they show that they really aren't interested in the good of the country but are there on a power trip and just want to score points of each other (occasionally). I can’t find what I would call a statesman among them as there used to be. Years ago even if you didn’t agree with them they had a presence and didn’t change their minds about policies every five minutes, you knew what they stood for, these days there is hardly an eyelash between them. Just when I think they can't stoop any lower, they prove me wrong! How times change.
Typical politics, they give with one hand and take even more with the other, rents are going up, council tax , water rates ect.. so this pathetic budget has done nothing for the ordinary hard working brit.. as usual 
Politicians will always be corrupt & sneaky In their own little way. We are not benefiting because Its out of one hand and In to another.
Join for free to get genuine deals, money saving advice and help from our friendly community
Chief Bargain Hunter
