Budget 2017 (Spring)


Following criticism, including by some Conservative MPs, of his decision to raise Class 4 National Insurance (paid by the self-employed), Chancellor Philip Hammond announced in a parliamentary statement that he would be dropping the proposal. The u-turn was welcomed by MPs across the political spectrum.

The CIOT has produced a summary of last week's debates on the March 2017 Budget, in the House of Commons. The Budget will continue to be debated this week.