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National Insurance increase reversed

Chancellor Kwasi Kwarteng has announced that the 1.25 percentage point rise in National Insurance will be reversed from 6 November 2022.

As well as April’s National Insurance increase being reversed from November,  the Health and Social Care Levy will be cancelled. The Chancellor has confirmed funding for health and social care services will be protected and will remain at the same level as if the Levy were in place.

See the press release of 22 September 2022 on the UK Government website.