Household Bills
Chancellor scraps self-employed tax hike
15/03/2017
Chancellor Philip Hammond has withdrawn his plan for National Insurance Contribution (NICs) rises for self-employed workers.
The u-turn was announced in a letter to Conservative MPs following a party outcry that the move broke a manifesto pledge made before the last election.
In his letter, Hammond said: “It is very important both to me and to the Prime Minister that we are compliant not just with the letter, but also the spirit, of the commitments that were made.
“In light of what has emerged as a clear view among colleagues and a significant section of the public, I have decided not to proceed with the Class 4 NIC measures set out in the Budget.”
Under original plans announced during last week’s Budget, Hammond said Class 4 NICs would increase from 9% to 10% from April 2018 and by a further 1% to 11% in 2019.
There are 0 Comment(s)
If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.
Your right to a refund if travel is affected by train strikes
There have been a wave of train strikes in the past six months, and for anyone travelling today Friday 3 Febru...
Could you save money with a social broadband tariff?
Two-thirds of low-income households are unaware they could be saving on broadband, according to Uswitch.
How to help others and donate to food banks this winter
This winter is expected to be the most challenging yet for the food bank network as soaring costs push more pe...
What will happen if rates change
How your finances will be impacted by a rise in interest rates.
Regular Savings Calculator
Small regular contributions can build up nicely over time.
Online Savings Calculator
Work out how your online savings can build over time.
DIY investors: 10 common mistakes to avoid
For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.
Mortgage down-valuations: Tips to avoid pulling out of a house sale
Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?
Five tips for surviving a bear market mauling
The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...
Money Tips of the Week
Debt Awareness Week: How to get on top of your finances
Six tips to help you prepare for mortgage rate hikes
Four ways to fight back against the dreaded April bill hikes
Battle of app-only providers sees interest rates ramp up: This week’s top payers
How millions can avoid the 17% April broadband price hikes
© AE3 Media Ltd, Floor 7, Lincoln House, 296 - 300 High Holborn, London WC1V 7JH, Company.