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Government gumbo
KEY POINTS
- Spring Budget proposes increase to class 4 NICs.
- Was the NICs (Rate Ceilings) Act 2015 overlooked?
- Government backs down and retracts increase.
- Why no outcry over the increased dividend tax?
I’m not too sure whether I and Chancellor of the Exchequer Philip Hammond have the same taste in music. Nor am I too sure how I’d find out. Has Kirsty Young interviewed him for Desert Island Discs? However being cast away on a remote island might have been a very appealing thought for poor Philip on 15 March as he had to sit next to his boss in the Commons and listen to her ‘screeching U-turn’ on his proposal to increase class 4 National Insurance contributions for the self-employed. In the same way that his favourite eight records remain for the...
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