News

Prime Minister delays tax rise for self-employed

Policy & Politics
The hike in National Insurance contributions for the self-employed is to be pushed back following a backlash from MPs.

Speaking at a meeting of the European Council in Brussels yesterday, the Prime Minister Theresa May revealed the increase in National Insurance Contributions (NICs) for the self-employed, as announced in the Budget, will not be legislated for until the autumn, rather than this Spring as expected.

It follows a public rebellion by senior Conservatives, including Guto Bebb, the junior Wales Office minister who is also a whip.

He told BBC Radio Cymru, 'I believe we should apologise. I will apologise to every voter in Wales that read the Conservative manifesto in the 2015 election.'

A number of MPs and businesses have also voiced concern about the move, which will see Class 4 NICs for the self-employed rise from 9 per cent to 11 per cent by 2019.

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