National Insurance Contributions: Personal Income

(asked on 18th March 2024) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether his Department conducted distributional analysis of the impact of the reduction to National Insurance contributions announced in the Spring Budget 2024 on people in different income brackets.


Answered by
Nigel Huddleston Portrait
Nigel Huddleston
Financial Secretary (HM Treasury)
This question was answered on 26th March 2024

HM Treasury published distributional analysis at Spring Budget 2024, which can be found here:

https://assets.publishing.service.gov.uk/media/65e83ed008eef600115a5660/Impact_on_households_-_SB24_FINAL.pdf

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