NI u-turn could lead to further attacks on self-employed farmers - NFU Mutual
15th Mar 2017 / By Alistair Driver
Chancellor Philip Hammond’s u-turn on increasing National Insurance contributions for self-employed people, announced this morning, will come as a ‘huge relief’ to the majority of farmers who are self-employed.
However, according to Sean McCann, chartered financial planner at leading rural insurer NFU Mutual, the Chancellor had already signalled that he would be looking to redress the gap in revenue caused by the u-turn and could seek other ways to increase taxation of small businesses – or reduce the benefits available to them.
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