May 17, 2024
Hunt hints at another National Insurance tax cut
PA. Jeremy Hunt has hinted at another possible National Insurance cut before the general election. Although Mr Hunt repeated his aspiration to scrap national insurance altogether, he dodged questions about the unfreezing of tax thresholds. Tax levels have increased under the Conservatives - something Mr Hunt blamed on the pandemic and cost of living support. Defending the fact the UK has the highest tax levels in 70 years, and that tax levels have increased under his stewardship, Mr Hunt said rises had been "Necessary" due to "Two global shocks in quick succession". The Labour Party has previously claimed that the pledge to abolish National Insurance is a "£46bn unfunded tax plan", which poses a "Threat to the state pension".
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