<p><p>The Conservative Party plans to cut central government spending on public services outside the NHS, defence and overseas aid by £6 billion in the coming financial year in order to finance a cut in National Insurance that would offset most of the impending increase that the Government has already announced. </p><p><b>Please note:</b> The new (employees') Primary Threshold has been corrected (it had incorrectly stated around £8,200 in the previous version rather than £8,400). The underlying analysis of the proposed NI reforms used the correct level of the Primary Threshold, and is therefore unaffected.</p></p>
Authors
Mike Brewer
Robert Chote
Associate Director
David is Head of Devolved and Local Government Finance. He also works on tax in developing countries as part of our TaxDev centre.
Press Release details
- Publisher
- IFS
More from IFS
Understand this issue
Spring Budget 2024: What you need to know
7 March 2024
Spring Budget 2024: the Chancellor’s options
The way Chancellors respond to economic news adds to our debt - here's why
1 March 2024
Policy analysis
Spring Budget 2024
6 March 2024
Oil and gas make Scotland’s underlying public finances particularly volatile and uncertain
27 March 2024
Reforming the taxation of non-doms: policy options and uncertainties
4 March 2024
Academic research
Intertemporal income shifting and the taxation of business owner-managers
24 January 2024
Insurance, redistribution, and the inequality of lifetime income
2 November 2023
Symposium: tax equity around the world - introduction
11 September 2023