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Budget reaction: National Insurance rises to hit farming sector

8th Mar 2017 / By Alistair Driver

Higher National Insurance contributions announced in today’s Budget will hit farmers, self-employed farm workers and contractors, leading rural insurer NFU Mutual has warned.

In his Budget speech Chancellor Philip Hammond announced that Class 4 National Insurance payments will rise by 1% to 10% next year, with a further 1% rise to 11% in 2019.

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