Immediate release 23/11/23

In his Autumn Statement, Chancellor Jeremy Hunt announced plans to cut the main rate of National Insurance from 12 per cent to 10 per cent, effective from January 6.

He also abolished Class 2 National Insurance payments for the self-employed, starting in April, while Universal Credit will be increased by 6.7 per cent in the same month.

Conor Forbes, Director of Policy for Advice Direct Scotland, said:
“Given the current challenges facing many households, any extra funds, will be welcomed by those struggling with different financial pressures.

“Changes to National Insurance will see workers and the self-employed taking home more of their pay, and next month’s Scottish budget could have an impact as well.

“However, the cost-of-living and energy crisis are far from over. It is understandable that there is considerable concern from families who are anxious about their bills.

“At this difficult time for many, it’s important to remember that free advice is available and you don’t have to struggle alone.

“Our advisers at www.advice.scot are working hard to provide free, practical advice to anyone in Scotland.
“Our specialist debt advisers at www.moneyadvice.scot can help if you have personal financial worries, are struggling with debt, or need a way of getting back on track.
“And our www.energyadvice.scot team can support people with concerns about energy bills.”