
Richest households will gain 12x more from National Insurance cut than poorest, think-tank warns
Basit Mahmood YesterdayThe chancellor is preparing to announce the second big cut to employment taxes in a year, after his decision to cut national insurance rates by 2p at last year’s autumn statement, portraying it as a pre-election giveaway
Jeremy Hunt’s proposed national insurance cut, which he is expected to announce during his budget later today, will overwhelmingly favour the richest households while doing very little for poorest households who are struggling to make ends meet.
The chancellor is preparing to announce the second big cut to employment taxes in a year, after his decision to cut national insurance rates by 2p at last year’s autumn statement, portraying it as a pre-election giveaway.



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