UK Parliament · Public Bill · No. 3520
National Insurance Contributions (Reduction in Rates) Act 2023
[As Introduced]
A
BILL
to
This Act reduces the percentage of National Insurance that workers and employers have to pay. National Insurance is a tax that helps fund healthcare, pensions, and benefits, so lowering the rates means people keep more of their wages but the government collects less tax money.
Presented by Jeremy Hunt
supported by Baroness Vere of Norbiton.
supported by Baroness Vere of Norbiton.
✓ Passed into lawPublicLords
Official Ballot · The People's Chamber
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The people's count16 votes
100% Aye · 160% No · 0
MPs' vote334 MPs
88% Ayes · 29312% Noes · 41
The democratic gap
12% , a moderate gap
Bill passage
Commons
- 1st reading23 Nov 2023
- 2nd reading30 Nov 2023
- 3rd reading30 Nov 2023
Lords
- 1st reading4 Dec 2023
- 2nd reading12 Dec 2023
- Committee stage12 Dec 2023
- Report stage12 Dec 2023
- 3rd reading12 Dec 2023
Royal Assent13 Dec 2023