Budget 2024: ’We expected a revolution but it fell well short’ | Analysis

Jeremy Hunt today signalled a future Tory government could look to abolish National Insurance entirely. The Chancellor said during his Budget address that “the way we tax people’s income is particularly unfair”. “If you get your income from having a job, you pay two types of tax – National Insurance contributions and income tax - if you get it from other sources you pay only one,” he said. “This double taxation of work is unfair. The result is a complicated system that penalises work instead of encouraging it.” #budget #economy #politics Subscribe to The Telegraph with our special offer: just £1 for 3 months. Start your free trial now: Get the latest headlines: and are websites of The Telegraph, the UK’s best-selling quality