The cut to National Insurance, announced in the Budget, is ‘not good news’ for nursery staff, the majority of whom will see their taxes rise, according to new analysis by the Resolution Foundation for Nursery World.
Within his Budget, the Chancellor, Jeremy Hunt, announced a 2p cut to the main rates of National Insurance.
The Resolution Foundation’s senior economist, Hannah Slaughter, said this would negatively affect most nursery staff, however.
She explained, ‘The Chancellor’s likely last Budget before the next General Election unsurprisingly had a major tax cut at its heart. The 2p cut in employee National Insurance coming into effect from April comes just months after the rate was cut by 2p in January.
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