Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

National Insurance rise to be reversed in November

by September 22, 2022
September 22, 2022
National Insurance rise to be reversed in November

A 1.25% rise in National Insurance will be reversed from 6 November and the government will axe a planned tax rise to fund health and social care.

The NI rise was introduced in April under former chancellor Rishi Sunak, but during the Tory leadership race Liz Truss pledged to change it.

New chancellor Kwasi Kwarteng made the announcement ahead of a “mini-budget” on Friday.

He said the government would also cancel a separate tax, the Health and Social Care Levy, which was due to come into force in April 2023 and scrap a planned increase to dividend tax rates.

Ahead of his mini-budget on Friday, he said: “Taxing our way to prosperity has never worked. To raise living standards for all, we need to be unapologetic about growing our economy.

“Cutting tax is crucial to this – and whether businesses reinvest freed-up cash into new machinery, lower prices on shop floors or increased staff wages, the reversal of the levy will help them grow, whilst also allowing the British public to keep more of what they earn.”

The 1.25% increase in national insurance was announced by former chancellor Rishi Sunak to help fund health and social care.

Read more:
National Insurance rise to be reversed in November

0
FacebookTwitterGoogle +Pinterest
previous post
“The Biggest Waste of Money I Have Ever Spent in my Entire Life… I Own Very Little Power” – Customers are Furious About Solar Panels’ Poor Performance
next post
New Poll Shows GOP Leading Key Georgia Races

You may also like

Housing crisis leaves 21 hopeful tenants battling for...

September 13, 2024

What Is Rust Gambling And How To Get...

June 24, 2024

The Cycling Boom: The Summer Cycling Holidays Of...

August 3, 2023

Manufacturing output weakest in eight months as interest...

August 18, 2023

‘Dragons’ Den’ Star Acknowledges Struggles as £37m Arts...

April 14, 2024

Train operators and union leaders criticise draft UK...

April 27, 2023

TechTalent to create 150 jobs in West Midlands

October 27, 2022

UK’s first full-size electric autonomous bus takes to...

September 8, 2023

Tech leaders debate UK’s skills crisis in Parliament

November 28, 2023

North faces ‘Armageddon’ without HS2 links, warns Andy...

September 25, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Elon Musk may speak to Trump aides in push to calm feud

      June 6, 2025
    • Everyone Talks About Leaving a Better Planet for Our Children: Why Don’t We Leave Better Children for Our Planet?

      June 6, 2025
    • MARK HALPERIN: Democrats try to construct a Frankenstein candidate while JD Vance gains momentum for 2028

      June 6, 2025
    • ‘Gone too far’: GOP lawmakers rally around Trump after Musk raises Epstein allegations

      June 6, 2025
    • Democrats begin to embrace Musk amid Trump spat after party railed against him as a ‘dictator’

      June 6, 2025
    • Trump administration defends US and Israeli sovereignty with new sanctions against four ICC judges

      June 5, 2025

    Categories

    • Business (8,149)
    • Investing (2,011)
    • Politics (15,544)
    • Stocks (3,130)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved