Budget look ahead: Hunt to announce 2p cut to National Insurance | ITV News

Contributing sentiments towards policy:

55% : Unlike National Insurance, which paid solely by those in employment, income tax is also paid for by pensioners and those who get their earnings from savings.
54% : National Insurance is changing for self-employed people - from April 6, 2024 they'll pay eight per cent on profits between £12,751 and £50,270, down from 9 per cent.
52% : ITV News' Political Editor Robert Peston explains what to expect ahead of the Budget on WednesdayNational Insurance vs Income TaxNational Insurance tax raises money for the Treasury to pay for certain benefits like the Jobseeker's Allowance, and the state pension.
50% : Jeremy Hunt is expected to announce a two per cent cut to National Insurance in his Budget on Wednesday.
49% : How much will I save if National Insurance is slashed?Employees currently pay ten per cent of earnings between £12,570 and £50,270 towards National Insurance.
49% : A two per cent cut in National Insurance costs the government around £10 billion a year.
47% : But because Conservatives know lower tax means higher growth.
42% : "Taxes are rising, prices are still going up in the shops and we have been hit by recession.
40% : It means the cuts to National Insurance will be of no benefit to those groups.
39% : "But because of the progress we've made because we are delivering on the Prime Minister's economic priorities we can now help families with permanent cuts in taxation.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.