The decision to raise the National Insurance contributions for people who are self employed is nothing more than a kick in the teeth from a Chancellor, and Government, that is supposed to support enterprise and entrepreneurship. Those who choose the self employed option, and some who are forced into it by unscrupulous tax dodging employers, enjoy nothing approaching the benefits which are guaranteed to those who are employed. The obvious ones are statutory sick pay (if you don’t work, you don’t eat) and holiday pay, but there are more.
The army of self employed people forms the backbone of British industry, and from that army springs some of the world class businesses of the future. This short sighted move by the Chancellor will deter many from embarking on the self employed path, fearing further penalties to come.
This budget is further proof that the Westminster I’m-all-right-Jack elite are not interested in Everyman, and they can can go to hell in a handcart, as long as it’s not diesel powered.