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Old 15th Mar 2017, 11:58   #1
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U-turn over Budget plan to increase National Insurance

Plans to increase National Insurance levels for self-employed people - announced in the Budget last week - have been dropped.
Chancellor Philip Hammond has said the government will not proceed with the increases which were criticised for breaking a 2015 manifesto pledge.
In a letter to Tory MPs, he said: "There will be no increases in... rates in this Parliament."
Mr Hammond will explain the U-turn in a Commons statement later.
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Old 15th Mar 2017, 12:16   #2
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Originally Posted by Kronos View Post
Plans to increase National Insurance levels for self-employed people - announced in the Budget last week - have been dropped.
Speaking as a self-employed person, hooray!

Speaking as a resident of This Green and Sceptered Isle, I'm now concerned about from whence Our Glorious Leaders are planning to claw back the money they thought they were going to get from the NI increase...
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Old 15th Mar 2017, 12:21   #3
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Quote:
Originally Posted by Gareth Halfacree View Post
Speaking as a self-employed person, hooray!

Speaking as a resident of This Green and Sceptered Isle, I'm now concerned about from whence Our Glorious Leaders are planning to claw back the money they thought they were going to get from the NI increase...
That is an easy question to answer the poor, the sick and the disabled and those in society that do not have a voice no matter how many politicians tell us different.
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Old 15th Mar 2017, 12:25   #4
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Quote:
Originally Posted by Gareth Halfacree View Post
Speaking as a self-employed person, hooray!

Speaking as a resident of This Green and Sceptered Isle, I'm now concerned about from whence Our Glorious Leaders are planning to claw back the money they thought they were going to get from the NI increase...
Speaking as a cynic, I wonder what little gem of a policy they pushed through, barely noticed, in the shadow of this sham.
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Old 15th Mar 2017, 12:29   #5
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That is an easy question to answer the poor, the sick and the disabled and those in society that do not have a voice no matter how many politicians tell us different.
Politics... Politics never changes.
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Old 15th Mar 2017, 12:34   #6
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Seems like a weird decision to me. Shows no pre-thought or strength of conviction. In raw numbers it made sense as they were still under PAYE levels of NI but would have been paying a fairer share. Purely on the numbers, obviously employing people and fuelling the economy should be rewarded.

I bet they'll close loop holes for the self-employed instead and get the money back that way. So it'll end up being the same.
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Old 15th Mar 2017, 12:35   #7
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Originally Posted by David View Post
Speaking as a cynic, I wonder what little gem of a policy they pushed through, barely noticed, in the shadow of this sham.
Brexit?
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Old 15th Mar 2017, 12:47   #8
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Quote:
Originally Posted by Gareth Halfacree View Post
Speaking as a resident of This Green and Sceptered Isle, I'm now concerned about from whence Our Glorious Leaders are planning to claw back the money they thought they were going to get from the NI increase...
The money the change would have brought in, in the grand scheme of things, really isn't that much.
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Old 15th Mar 2017, 12:47   #9
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Quote:
Originally Posted by Gareth Halfacree View Post
Speaking as a self-employed person, hooray!

Speaking as a resident of This Green and Sceptered Isle, I'm now concerned about from whence Our Glorious Leaders are planning to claw back the money they thought they were going to get from the NI increase...
Easy: "In light of the reduced budget available, we will be slashing the budget for (insert public service here)". Bonus points if they declare that said public service will save that money through 'efficiency', achieved by privatising some/all of said service.
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Old 15th Mar 2017, 12:51   #10
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Quote:
Originally Posted by Gareth Halfacree View Post
Speaking as a self-employed person, hooray!

Speaking as a resident of This Green and Sceptered Isle, I'm now concerned about from whence Our Glorious Leaders are planning to claw back the money they thought they were going to get from the NI increase...
Quote:
Originally Posted by Kronos View Post
That is an easy question to answer the poor, the sick and the disabled and those in society that do not have a voice no matter how many politicians tell us different.
Aren't the new Personal Independence Payment rules kicking in today?

But you know, keep taking back that control, guys!
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Old 15th Mar 2017, 13:27   #11
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Brexit?
Barely noticed?
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Old 15th Mar 2017, 13:46   #12
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Barely noticed?
You could parade a marching band past most people and they'd respond 'what band?'...
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Old 15th Mar 2017, 16:58   #13
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Barely noticed?
Oh, how about David Davis admitting to the Brexit Committee this morning that his department hasn't actually economically assessed the impact of a "no deal" scenario that would see the UK crashing out of the EU into WTO rules?
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Old 15th Mar 2017, 17:08   #14
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I suspect the u-turn is a consequence of opposition from Tory party donors. This always brings out their spinelessness to best effect.
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Old 15th Mar 2017, 17:52   #15
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Are we supposed to believe that they've only just realised that the budget plans contavened their manifesto pledge?
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