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Chronicle Live
National
Dan Bloom & Aaron Morris

National Insurance cut to take effect November 6, announces Government

The National Insurance cut which millions of Britons have hoped for will take place from November 6, the Government has confirmed.

Liz Truss' key pledge's date was published for the first time, as the Health and Social Care Levy (Repeal) Bill was unveiled in the House of Commons - with Chancellor Kwasi Kwarteng confirming that the NI hike imposed earlier this year by predecessor Rishi Sunak will be reversed within a matter of weeks.

The Government is now set to lower rates of National Insurance from 13.25%, back down to 12% - the figure it stood at prior to the Tory hike in April 2022. The change was expected to come in spring 2023, but has since been brought forward.

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