Class 4 National Insurance Contributions Debate

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Department: HM Treasury

Class 4 National Insurance Contributions

Tasmina Ahmed-Sheikh Excerpts
Wednesday 15th March 2017

(7 years, 9 months ago)

Commons Chamber
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Lord Hammond of Runnymede Portrait Mr Hammond
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Yes. It will not be over the next two years, but in one go, with a tax cut of about £130 a year in April 2018. That is because class 2 is a regressive tax—it is a flat-rate reduction for everybody who is self-employed, regardless of the level of their income.

Tasmina Ahmed-Sheikh Portrait Ms Tasmina Ahmed-Sheikh (Ochil and South Perthshire) (SNP)
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This is of course a welcome U-turn, but if it is right to rethink this decision, is it not also right to look at the decisions that were overlooked last week? The Chancellor spoke in his statement about unfairness in treatment. May I remind him of the thousands of WASPI— Women Against State Pension Inequality—women who protested outside the Chamber last week, and ask him when his Government will redeem in full their contractual obligations to them?