UK Chancellor Hunt Will Cut National Insurance Tax in Budget, Times Says.

According to a report from the Times newspaper, UK Chancellor Jeremy Hunt plans to cut 2 percentage points off national insurance, a payroll tax, in his upcoming Budget statement. This cut, combined with a previous cut announced in November, is expected to provide a £900 benefit to the average worker. Hunt is facing pressure to deliver tax cuts to boost his Conservative Party before the next election, but he must also consider the fragile state of the UK's public finances. [Extracted from the article]

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