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National Insurance Contributions: Personal Income

Question for Treasury

UIN 19161, tabled on 18 March 2024

To ask the Chancellor of the Exchequer, whether his Department conducted distributional analysis of the impact of the reduction to National Insurance contributions announced in the Spring Budget 2024 on people in different income brackets.

Answered on

26 March 2024

HM Treasury published distributional analysis at Spring Budget 2024, which can be found here:

https://assets.publishing.service.gov.uk/media/65e83ed008eef600115a5660/Impact_on_households_-_SB24_FINAL.pdf

Answered by

Treasury