National Insurance

I made representation to the Chancellor and spoke to him personally after the budget to relay the concerns constituents brought to my attention.

After this the Chancellor announced that reforms to Class 4 National Insurance Contributions announced at the Spring Budget 2017 will not now go ahead. The Chancellor states that the "tax-lock and spending commitments we have made for this Parliament should be honoured in full". The abolition of Class 2 National Insurance Contributions will go ahead as scheduled in April 2018. 

The Chancellor has stated that honouring the Manifesto Commitments made at the last election must be a priority and has restated his belief that all tax-lock and spending commitments made for this Parliament must be honoured for the duration of this Parliament. 
 
The Treasury will continue to review the tax and welfare treatment of the self-employed. Once this, as well as the Matthew Taylor review into modern employment practices are completed, the Chancellor will announce what legislation he intends to take forward. 
 
 Last year the Government introduced the new state pension available to the self-employed. The self-employed are now £1,800 a year better off in retirement than they were under the previous system. This amounts to around £50,000 in pension savings.
 
The personal allowance rose to £11,500 this year. It was £6,475 in 2010.

I would also like to clarify that I did not support the proposed increases in NI contributions for the self-employed.