Rishi Sunak prepares fresh squeeze on benefits to help fund his bid to scrap ... trends now
Rishi Sunak has suggested he could put a new squeeze on benefits in order to fund his ambition to scrap national insurance contributions after the general election.
The Prime Minister promised to 'end this double taxation on work' by cutting NICs until they are gone, following his fresh 2p cut to the tax on workers at the Budget.
In an interview with the Sunday Times, Mr Sunak set out his bid to trim the millions of working-age Britons who are signed off as unfit to work.
He said this would allow the Government to 'sustainably keep cutting taxes' as he eyes abolishing NICs in the next parliament.
But Labour sniped the PM had 'failed to learn from Liz Truss' as they pointed to the £46billion a year currently raised through national insurance.
They pointed out this was £1billion more than the tax cuts proposed by Mr Sunak's predecessor in her ill-fated 'mini-Budget' in September 2022.
Rishi Sunak has suggested he could put a new squeeze on benefits in order to fund his ambition to scrap national insurance contributions after the general election
In his Budget on Wednesday, Jeremy Hunt set out another 2p cut in national insurance from April - following a previous 2p cut in at his Autumn Statement in November
The Chancellor raised eyebrows by spelling out his hopes on national insurance as he knocked another 2p off the rate for employees - but left the tax burden rising overall
In his Budget on Wednesday, Jeremy Hunt set out another 2p cut in national insurance from April - following a previous 2p cut in at his Autumn Statement in November.
The Chancellor also made a vague promise to deliver a simpler tax system by eventually getting rid of NICs altogether.
There has since been confusion over the Government's plans, with Treasury minister Gareth Davies admitting the ambition to scrap NICs could take decades to achieve.
Mel Stride, the Work and
