Posted 3/10/2024, 1:30:00 PM
Sunak Proposes Benefit Cuts to Fund Plan to Scrap National Insurance Contributions
- Sunak aims to cut benefits to fund his plan to scrap national insurance contributions, describing the current system as not working properly
- He wants to "end the unfairness" of national insurance and keep cutting it until "it's gone"
- There is speculation another fiscal event may happen before the next election
- The announced NI cut will save the average worker £450, but does nothing for pensioners over 66
- The Budget included nearly £6 billion for the NHS over 5 years, but lacked increased defense spending despite calls from ministers