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1700735
registered interest false more like this
date less than 2024-04-15more like thismore than 2024-04-15
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading National Insurance Contributions remove filter
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government, further to the Written Answer by Baroness Vere of Norbiton on 8 April (HL3589), whether they will now answer the question put; namely, what is their assessment of the implications for calculating entitlement to contributory working age benefits and pensions of abolishing, rather than cutting, national insurance contributions. more like this
tabling member printed
Baroness Lister of Burtersett more like this
uin HL3770 more like this
answer
answer
is ministerial correction false more like this
date of answer remove filter
answer text <p>The Government already cut employee NICs by 4p, self-employed NICs by 3p and abolished the requirement to pay Class 2 for self-employed people across Autumn and Spring without increasing borrowing or cutting spending. That is the model the Government wants to follow when it is prudent to go further.</p><p> </p><p>The ambition to abolish NICs is about reducing tax and rewarding work, not about reforming the contributory benefits system. It is a long-term ambition, and the Government has been clear, this cannot be done overnight and this can only be done in a fiscally responsible way.</p><p> </p><p>Cutting NICs rates does not affect anyone’s entitlement to the State Pension or contributory benefits.</p> more like this
answering member printed Baroness Vere of Norbiton more like this
question first answered
less than 2024-04-25T10:35:56.107Zmore like thismore than 2024-04-25T10:35:56.107Z
answering member
4580
label Biography information for Baroness Vere of Norbiton more like this
tabling member
4234
label Biography information for Baroness Lister of Burtersett more like this