{"id":118770,"date":"2023-11-22T18:00:28","date_gmt":"2023-11-22T18:00:28","guid":{"rendered":"https:\/\/www.newsisc.com\/videos\/labour-says-hunts-ni-cut-will-not-remotely-compensate-for-tory-tax-increases\/"},"modified":"2023-11-22T18:00:28","modified_gmt":"2023-11-22T18:00:28","slug":"labour-says-hunts-ni-cut-will-not-remotely-compensate-for-tory-tax-increases","status":"publish","type":"post","link":"https:\/\/www.newsisc.com\/videos\/labour-says-hunts-ni-cut-will-not-remotely-compensate-for-tory-tax-increases\/","title":{"rendered":"Labour says Hunt&#8217;s NI cut will &#8216;not remotely&#8217; compensate for Tory tax increases"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/i3.ytimg.com\/vi\/RVE_DxIjeZw\/hqdefault.jpg\" alt=\"Labour says Hunt's NI cut will 'not remotely' compensate for Tory tax increases\"><br \/> <iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/RVE_DxIjeZw\" frameborder=\"0\" allowfullscreen><\/iframe> <\/p>\n<p>The UK chancellor, Jeremy Hunt, announced national insurance would be cut by 2 percentage points from January. Subscribe to Guardian News on YouTube \u25ba http:\/\/bit.ly\/guardianwiressub<\/p>\n<p>Hunt told MPs: &#8216;So today, Mr Speaker, I&#8217;m going to cut the main 12 percent rate of employee national insurance&#8217;, adding that the cut would mean &#8216;someone on the average salary of \u00a335,000 will save over \u00a3450. For the average nurse, it&#8217;s a saving of \u00a3520, for the typical police officer, a saving of \u00a3630 every single year.&#8217; <\/p>\n<p>The shadow chancellor, Rachel Reeves, said the NI cut would &#8216;not remotely&#8217; compensate for tax increases already imposed by the Tories. Reeves said: &#8216;The fact, is that taxes will be higher at the next election than they were at the last. This is the legacy of the Conservatives and that, Mr Speaker, is their record&#8217;.<\/p>\n<p>The Guardian publishes independent journalism, made possible by supporters. Contribute to The Guardian today \u25ba https:\/\/bit.ly\/3uhA7zg<\/p>\n<p>Sign up to the Guardian&#8217;s free new daily newsletter, First Edition \u25ba http:\/\/theguardian.com\/first-edition<\/p>\n<p>Website \u25ba https:\/\/www.theguardian.com<br \/>\nFacebook \u25bahttps:\/\/www.facebook.com\/theguardian<br \/>\nTwitter \u25ba https:\/\/twitter.com\/guardian<br \/>\nInstagram \u25ba https:\/\/instagram.com\/guardian<\/p>\n<p>The Guardian on YouTube:<br \/>\nThe Guardian \u25ba https:\/\/bit.ly\/guardiannewssubs<br \/>\nGuardian Australia \u25ba https:\/\/bit.ly\/guardianaussubs<br \/>\nGuardian Football \u25ba https:\/\/bit.ly\/gdnfootballsubs<br \/>\nGuardian Sport \u25ba https:\/\/bit.ly\/gdnsportsubs<br \/>\nGuardian Live \u25ba https:\/\/bit.ly\/guardianlivesubs<\/p>\n<p>#Politics #Economy #Hunt #Reeves #PMQs #UK #News<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The UK chancellor, Jeremy Hunt, announced national insurance would be cut by 2 percentage points from January. Subscribe to Guardian News on YouTube \u25ba http:\/\/bit.ly\/guardianwiressub Hunt told MPs: &#8216;So today, Mr Speaker, I&#8217;m going to cut the main 12 percent rate of employee national insurance&#8217;, adding that the cut would mean &#8216;someone on the average [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":118771,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[128995],"tags":[130468,130469,129135],"actors":[],"class_list":["post-118770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-guardian-news","tag-chancellor","tag-hunt","tag-jeremy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Labour says Hunt&#039;s NI cut will &#039;not remotely&#039; compensate for Tory tax increases | News ISC Videos<\/title>\n<meta name=\"description\" content=\"Watch Labour says Hunt&#039;s NI cut will &#039;not remotely&#039; compensate for Tory tax increases for free, here on News ISC. 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