✓ Passed into LawLords
UK Parliament · Bill
National Insurance Contributions (Reduction in Rates) Act 2024
Summary
This Act reduces the amount of National Insurance Contributions that workers and employers have to pay. National Insurance is a type of tax that funds the NHS and social security benefits, so this law means people keep more of their wages but the government collects less tax revenue.
A vote to support means
- —Supporting this Act means backing lower National Insurance contributions, which are taxes paid by workers and employers. Supporters believe this puts more money back in people's pockets and helps businesses hire more staff by reducing their costs.
A vote to oppose means
- —Critics worry that reducing National Insurance contributions means less money for the government to spend on the NHS, schools, and other public services. They also question whether lower taxes for businesses actually lead to more jobs or if companies just keep the extra profit.
Cast Your Vote
People's Vote3 votes
0% Support · 0100% Oppose · 3
Parliament's Vote334 MPs
88% Ayes · 29312% Noes · 41
Democratic Gap
88% — Large gap
Outcome mismatch — the public would block this bill, but Parliament passed it
Bill Passage
Commons
- 1st reading7 Mar 2024
- 2nd reading13 Mar 2024
- 3rd reading13 Mar 2024
Lords
- 1st reading13 Mar 2024
- 2nd reading18 Mar 2024
- Committee stage19 Mar 2024
- Report stage19 Mar 2024
- 3rd reading19 Mar 2024
Royal Assent20 Mar 2024
Full Bill Description(click to expand)
No description available