Menu

Login to access your account

Sat, 11 July 2020

Personalise Your Politics

Subscribe now
The House Live All
The Chancellor’s statement is a good start, but what next for energy efficiency policy? Commercial
By ROCKWOOL
Coronavirus
Coronavirus
Coronavirus
Coronavirus
Press releases

Tory manifesto will include pledge to slash National Insurance payments, Boris Johnson reveals

Tory manifesto will include pledge to slash National Insurance payments, Boris Johnson reveals
2 min read

A Conservative government would introduce a major tax cut for millions of workers by increasing the National Insurance threshold, Boris Johnson has revealed.


In an apparent slip-up, the Prime Minister said the Tories wanted to increase the salary at which NI contributions kick in to £12,000 a year.

His announcement, while taking questions at a factory in Teesside, sent Conservative spin doctors into a panic as it was supposed to remain under wraps until the party's election manifesto is unveiled on Sunday.

Asked by a worker whether his plans for lower taxes were for "people like you or people like us", Mr Johnson replied: “I mean low tax for...working people. 

"If we look at what we’re doing, and what I’ve said in the last few days, we’re going to be cutting National Insurance up to £12,000,  we’re going to be making sure that we cut business rates for small businesses. 

"We are cutting tax for working people."

At the moment, the National Insurance threshold is £8,628. The Tory manifesto is expected to pledge to increase it to £9,500 initially, with the ambition of taking it to £12,500 over the next 10 years.

According to Paul Johnson of the Institute for Fiscal Studies, every increase of £1,000 in the threshold costs the Treasury £3bn.

Shadow Chancellor John McDonnell said: "Even after 10 years of cruel cuts and despite creaking public services, the Tories still think the answer to the challenges of our time is a tax cut of £1.64 a week, with those on Universal Credit getting about 60p.

"Meanwhile independent experts have said this will cost up to £11 billion so everyone who relies on public services and social security will be wondering whether they will be paying the price.

"The Tories are stuck in the 1980s while a Labour government will tackle head-on the climate and human emergencies of our time."

Read the most recent article written by Anahita Hossein-Pour - 'We had to fight tooth and nail': BAME parliamentarians talk representation and tackling racism

Partner content
NHS Parliamentary Awards

The NHS Parliamentary Awards sponsored by Fujifilm are a chance for all MPs in England to celebrate the outstanding care they and their constituents receive.

Find out more