Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
Thursday 09 March 2017 12:35 pm

Downing Street is refusing to rule out a u-turn on a National Insurance tax hike for the self-employed

By: Mark Sands

Add as a preferred source on Google

Chancellor Philip Hammond's plan to hike National Insurance contributions (NICs) for self-employed workers has continued to generate controversy, with Downing Street today refusing to rule out a review of the scheme.

Hammond has been at pains to defend the plans today, but increasing numbers of Tory MPs have come out against the plan to up NICs from nine per cent to 11 per cent over two years for the self-employed.

John Redwood was among the first to hit out in his response to the Budget in the House of Commons yesterday, and the numbers of rebels have continued to grow, with their most high-profile recruit the former work and pensions secretary Iain Duncan Smith.

Read More: Philip Hammond picks a pocket or two

Duncan Smith told Sky News earlier today that he hoped the chancellor would "reflect" on the decision before the Autumn Statement.

It brings the number of Tories to have come out against the plan to more than 10, with the government's working majority currently sitting at 17.

These families and businesses are the backbone of our economy. The Chancellor needs to do a U-turn and quickly

— Rt Hon Stephen McPartland (@SMcPartland) March 9, 2017

A Downing Street spokesman said today that "the Prime Minister and the chancellor have agreed on this Budget", but repeatedly refused to state that the measure would not be reviewed in light of the growing backlash.

Parliamentary rules mean the government will need to introduce the NICs changes in a separate piece of legislation to the rest of the Budget.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Politics

Trending Articles

  • Billionaire Easyjet founder in line for £800m payday from takeover

  • Burnham told to launch £100bn tax reform package

  • Construction sector cuts jobs again as house building slumps

  • Pension pressure to help swell UK debt to three times size of economy

  • Harry Styles at Wembley Stadium review: running through the grief

More from City PM

  • Jenrick vows to partly undo Reeves’ £25bn employer NICs rise – for Britons

    Politics
    UK politician Robert Jenrick announces new tax cut policy at a press conference, standing at a podium with a flag backdrop.
  • ‘Tipping point’: CBI boss slams £345bn business tax burden amid ‘cost of doing business’ crisis

    Economics
    Rain Newton-Smith addressing audience at a business conference, wearing a professional suit and speaking at a podium.
  • Thin end of the wedge? LLPs brace for major tax overhaul

    Tax
    Canada
  • UK ‘no longer a serious place’ says Hedge fund boss after losing £200m tax battle

    Tax
    Supreme Court building under clear sky, symbolizing justice and authority, relevant to recent judicial news coverage
  • Jobs crisis: UK unemployment to hit highest level in a decade

    Business
    London office workers collaborating on AI and tech projects, surrounded by computers and digital interfaces in a modern wo...
  • Making the jump to self-employment could damage your pension savings

    Personal Finance
    In 2022, rolling Tube strikes led to massive queues for crowded buses. (Photo by Chris J Ratcliffe/Getty Images)
  • M&S chair: Tax and employment costs holding back Britain

    Retail
    Archie Norman, business leader, speaking at a corporate event wearing a suit and tie, engaging with the audience.
  • World Cup boost fails to land UK services sector on front foot

    Economics
    Andy Burnham speaking at a press conference, addressing current issues, wearing a suit and tie, with a serious expression.

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy