NI u-turn could lead to further attacks on self-employed farmers - NFU Mutual

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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