✓ Passed into LawLords
UK Parliament · Bill
National Insurance Contributions (Reduction in Rates) Act 2023
Summary
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.
A vote to support means
- —Supporting this Act means workers and employers pay less in National Insurance contributions (a type of tax). This could leave people with more money in their pay packets and help businesses keep more of their profits to invest and hire more staff.
A vote to oppose means
- —Critics worry that reducing these contributions means less money goes to the government, which funds services like the NHS, pensions, and welfare. They argue this could lead to cuts in public services or higher taxes elsewhere to make up the difference.
Cast Your Vote
People's Vote1 votes
100% Support · 10% Oppose · 0
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
Full Bill Description(click to expand)
No description available