Posted 3/6/2024, 11:23:14 PM
Labour: Tory Plan to Scrap National Insurance Could Cost £46 Billion
- Labour says Tory plan to abolish national insurance contributions will cost £46bn a year, more than Liz Truss' mini-budget
- Tories want to eliminate "double taxation" of income through national insurance
- Budget included a further 2p cut to national insurance, saving average worker £900 a year
- Overall tax burden still set to hit record high by 2027-28
- Darren Jones says Tories should explain how they'll fund "reckless promises" after Liz Truss chaos