We need to talk about the state pension
My post-Budget article for the Radix thinktank considers the future of the State Pension in the light of the Chancellor's changes to National Insurance.
The headline news in the Budget was a 2p cut in the main rate of National Insurance contributions for employed and self-employed people. This was the second such cut, the first being in the Autumn statement. And the Chancellor expressed an intention to go much further. He trailed the idea of abolishing personal National Insurance completely.
These changes will have far-reaching implications for the state pension...
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