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Evening Standard
Evening Standard
World
Josh Salisbury,Rachael Burford,Jitendra Joshi,Nicholas Cecil and Miriam Burrell

Autumn Statement latest: Jeremy Hunt cuts National Insurance from 12% to 10% from January

Jeremy Hunt has cut the main rate of National Insurance by two percentage points in an Autumn Statement to kick-start economic growth in Britain.

He will bring in the measure for 27 million workers on January 6 through emergency legislation.

The Chancellor stressed that someone on the average salary of £35,000 will save over £450.

His first two personal NI tax cuts announced in the Autumn Statement were for the self-employed.

He also extended a huge tax break for businesses, announced welfare reforms to get more people into jobs, and announced that the freeze on the Local Housing Allowance would be lifted.

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