Laura Suter, director of personal finance at AJ Bell, suggested that for most the news of NI cuts was "not enough" to be excited about.
She suggested that Brits will experience a real term pay cut due to a mixture of high inflation and the rise of income tax.
Article continues after advert
Suter said: “The government is banking on some good news headlines coming out of this change – but in reality they are giving with one hand and taking far more with the other.”
“All eyes will be on the Spring Budget to see whether the deep freeze on income taxes will be lifted or whether Jeremy Hunt finds there isn’t enough money in the bank for such an expensive, crowd-pleasing move.”
alina.khan@ft.com
Page 2 of 2
