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15 March 2017

FSB: Self-employed breathe sigh of relief as tax move axed

Reference number: SPUR1503

Chancellor Philip Hammond has revealed his government will not proceed with planned increases to National Insurance contributions for the self-employed.

Andy Willox, FSB’s Scottish policy convenor, said: “Self-employed people from Plymouth to Peterhead will be breathe a sigh of relief that the Chancellor has come to his senses.

“He’s made the right choice – obviously realising that it doesn’t make sense to squeeze the nation’s strivers while trying to deliver a business boom.

“We agree with him that politicians need to better support people who work for themselves. But the way to do that isn’t by hiking their tax bills.”