Jeremy Hunt gets £12billion more 'headroom' so could slash another 2p off National Insurance, says IFS
Jeremy Hunt has got £12billion more “fiscal headroom” so he could be tempted to slash another 2p off National Insurance, say leading economists.
The Institute for Fiscal Studies said the public finances moving into the new fiscal year 2024/25, and looking ahead, means that the Chancellor could deliver a third 2p cut to NI, possibly just before an autumn general election, while still meeting one of his key rules.
It explained that on 6 April, the UK entered a new tax year and the Government’s forecast horizon rolled forward by a
