Jeremy Hunt to cut national insurance by 2p in budget
by Kiran Stacey Phillip Inman and Libby Brooks from World news | The Guardian on (#6K3T9)
Pre-election giveaway should save average earner 450 a year but spending cuts may follow
Jeremy Hunt is to cut national insurance by 2p in his budget on Wednesday, the Guardian understands, in a move designed to offer voters a pre-election giveaway but which could mean steeper spending cuts after the election.
The UK chancellor is preparing to announce the second big cut to employment taxes in a year, after his decision to cut national insurance rates by 2p at last year's autumn statement.
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