Jeremy Hunt's National Insurance tax cut for millions (and the catch)

Contributing sentiments towards policy:

58% : Currently, National Insurance for employees earning between £12,570 and £50,268 is 12%.
51% : Cuts to National Insurance (NI) have been announced for millions of people in the UK.
49% : In April last year, Boris Johnson had announced that National Insurance would rise to 13.25% but that was swiftly reversed after he was ousted.
49% : It said: "Thanks to today's NICs cut and to above-inflation increases to personal tax thresholds since 2010, an average worker in 2024-25 will pay over £1,000 less in personal taxes than they otherwise would have done."This week it was announced that the national living wage will rise to £11.44 in April next year, up from £10.42 for workers aged over 23, but the new figure will apply to 21 and 22-year-olds for the first time.
44% : The government had already put in place tax increases the equivalent of a 10p increase in National Insurance so today's 2p cut will not remotely compensate for the tax increases put in place by this Conservative government."

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