What is National Insurance and why are the Tories pledging to cut it?



Boris Johnson has pledged to increase the minimum threshold for National Insurance (NI) payments to £12,500 - but then rowed back on the tax cut promise.
The prime minister was at a general election campaign event in Middlesbrough when he “blurted out the key announcement” - which is likely to be a flagship element of the Conservative manifesto, to be released on Sunday, says The Guardian.
But “it quickly emerged that the Tories would only pledge to raise the threshold to £9,500 next year, then lift it gradually over many years”, the newspaper continues.
What is national insurance?NI is a... read more

 
21 November 2019 in Politics, Views: 155
Source: The Week
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