Delay to NICs 2 tax cut is "slap in the face for self-employed workers"

The government has quietly announced it will be delaying a planned tax cut for self-employed workers by a year. In a ministerial statement yesterday, it was announced that changes to National Insurance including the abolition of Class 2 NICs will be delayed until April 2019. The planned tax cut would have led to savings for most self-employed workers of around £148 next year. Liberal Democrat Leader Vince Cable commented: "This is a slap in the face for self-employed workers. "The Treasury is trying to bury bad news. "Small business owners are already being hit with a double whammy of rising prices and higher borrowing costs. "Now they’re being told that a planned tax cut will be delayed by another year. "Once again the government is letting down the strivers who form the backbone of our economy."