- The UK has faced unprecedented challenges in recent years caused by the pandemic and Putin’s illegal invasion of Ukraine. By sticking with the plan, the Conservatives have restored economic stability, reduced inflation, boosted wages, created more jobs, cut taxes and increased growth. But there is more to do.
- The Conservatives have set out a long-term ambition to end the unfair double tax on work when it can be afforded. As part of the Conservative Party’s 2024 election manifesto, to recognise the unique contribution of the risk-takers in our economy and the insecurity they face, they will abolish the main rate of National Insurance entirely for the self-employed by the end of the next Parliament.
- Only the Conservatives have a clear plan and will take the bold action needed to deliver a brighter and more secure future for people across Bury North.
James Daly has welcomed the launch of the Conservative Party’s 2024 election manifesto, setting out a clear plan and bold action to build a brighter future for people across Bury North.
As part of the clear plan to support working people and build a strong economy, the Conservatives have set out bold action to abolish the main rate of National Insurance for the self-employed.
Over the next Parliament, the main rate of Class 4 NICs will fall to 5 per cent in April 2025, 4 per cent in April 2026, 3 per cent in April 2027 and 2 per cent in April 2028, before being abolished entirely in April 2029.
This follows the tax cuts already delivered for self-employed people and is the next step in the Conservatives’ long-term ambition to end the unfair double tax on work, which sees working people pay two types of tax on their income – income tax and National Insurance – when other people only pay income tax.
Combined with the tax cuts already delivered this year, this is a tax cut for the average self-employed person on £28,000 worth over £1,500 a year. Two million self-employed people will benefit and take 93 per cent of self-employed people out of paying Class 4 NICs.
The choice is clear in this election: stick with the plan to cut taxes and ensure people keep more of their money with Rishi Sunak and the Conservatives or go back to square one with Keir Starmer and the same old Labour Party who will raise taxes by £2,094.
James Daly said:
“I know the past few years have been challenging following Putin’s illegal invasion of Ukraine and Covid. Only the Conservatives have a clear plan to deliver a brighter and more secure future.
“This is another step towards the long-term ambition to end the unfair double tax on work when it is affordable to do so, and will put more money in people’s pockets across Bury North to reward hard work and entrepreneurial spirit.
“The choice for voters at this election is clear: stick with Rishi Sunak and the Conservatives who have a clear plan and will take the bold action needed to secure a brighter future for people across Bury North. Or go back to square one with Keir Starmer and the same old Labour who will put up taxes by £2,094 for every working household.”
