UK Parliament · Public Bill · No. 3692
National Insurance Contributions (Reduction in Rates) Act 2024
[As Introduced]
A
BILL
to
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.
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 count18 votes
0% Aye · 0100% No · 18
MPs' vote334 MPs
88% Ayes · 29312% Noes · 41
The democratic gap
88% , a wide 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