Rishi Sunak announces £3,000 hike in threshold for paying national insurance

Rishi Sunak announces £3,000 hike in threshold for paying national insurance 🚨

The chancellor sparked a surprise by scrapping plans to increase the threshold by just £300 – with a “personal tax cut” worth £6bn, he told MPs,Registration is a free and easy way to support our truly independent journalism

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

The Independent /  🏆 80. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rishi Sunak handed borrowing boost before spring statementFigures could improve chances of tax cuts, but inflation drives up cost of government debt
Read more »

Spring Statement: Borrowing figures give Rishi Sunak 'wiggle room'One influential economist says government borrowing this year could be about £25bn less that expected.
Read more »

Chancellor Rishi Sunak to deliver Spring Statement amid price pressuresThe chancellor will give his economic update to the Commons as the cost of living crisis continues.
Read more »

Spring statement: Chancellor Rishi Sunak to unveil plans to build a 'stronger, more secure economy'On Wednesday, Mr Sunak will produce a fiscal statement at a pivotal time for the country when hard pressed families are facing enormous increases in their cost of living.
Read more »