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This year’s 1.25% point rise in National Insurance will be reversed on 6th Nov. Its replacement will be cancelled
I can confirm that this year’s 1.25% point rise in National Insurance will be reversed on 6th November.
— Kwasi Kwarteng (@KwasiKwarteng) September 22, 2022
Its replacement - the Health and Social Care Levy planned for April 23 - will be cancelled.
A tax cut for workers. More cash for businesses to invest, employ and grow. pic.twitter.com/qssnBaNywK