Britain’s poorest households will gain just 63p a month from reversing the national insurance hike, a new study says – while people earning more than £100,000 will benefit the most.
Friday’s mini-Budget is set to fulfil Liz Truss’s campaign pledge to axe Boris Johnson’s tax increase – designed to rescue the crisis-hit NHS and adult social care – also raising fears of future funding cuts.
But the analysis by the respected Institute for Fiscal Studies (IFS) has underlined the extent to which the move will overwhelmingly be a boost for richer Britons.
