UK PM Rishi Sunak considers welfare spending cuts for future tax reductions and NICs abolition.
UK Prime Minister Rishi Sunak is considering welfare spending cuts to fund future tax reductions, according to The Sunday Times. Sunak is focused on encouraging people off welfare and into work to sustainably cut taxes. The PM's long-term ambition is to end the "unfairness" of national insurance contributions (NICs), aiming to keep cutting NICs until they are gone, as he eyes abolishing NICs in the next parliament.
March 09, 2024
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