Get all your news in one place.
100’s of premium titles.
One app.
Start reading
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.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.