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In a change to the date originally announced, Class 2 NICs are set to be abolished from April 2019.
As previously announced, the government will no longer proceed with an increase to the main rate of Class 4 NICs from 9% to 10% in April 2018, and to 11% in April 2019.
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Figures have shown that UK borrowing over the last financial year was £7.6 billion lower when compared to the year before.
25 Apr 2024
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