National Insurance Contributions (Reduction in Rates) (No.2) Bill (Money)
Motion made, and Question put forthwith (Standing Order No. 52(1)(a)),
That, for the purposes of any Act resulting from the National Insurance Contributions (Reduction in Rates) (No. 2) Bill, it is expedient to authorise the payment out of money provided by Parliament of any increase in the sums payable under any other Act out of money so provided that is attributable to:
(a) reducing the main primary percentage for Class 1 primary national insurance contributions to 8% (and reducing the percentage specified in regulation 131 of the Social Security Contributions Regulations 2001 to 1.85%), and
(b) reducing the main Class 4 percentage for Class 4 national insurance contributions to 6%.—(Scott Mann.)