The Prime Minister said he wants to make 'significant progress' towards eliminating the tax
The Prime Minister said he wants to make 'significant progress' towards eliminating the taxhas told how he hopes to reduce benefits for those who are at a working age so national insurance can be scrapped.
He said: “All that money ultimately goes into the same pot to fund public services. So … our long-term ambition is to end that unfairness, to keep cutting NICs until it’s gone, because that is the best way to reward hard work, simplify the tax system, and build the kind of society that I think is right.”
A key to funding this pledge could be cutting the welfare bill, which is set to rise from £261.5 billion in 2022-23 to £360.1 billion in 2028-29 according to the Office for Budget Responsibility. The 2p cut in national insurance, which follows a similar measure in November, appears to have done little to revive Tory election hopes.
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