<p><p>The Conservative Party plans to cut central government spending on public services outside the NHS, defence and overseas aid by £6 billion in the coming financial year in order to finance a cut in National Insurance that would offset most of the impending increase that the Government has already announced. </p><p><b>Please note:</b> The new (employees') Primary Threshold has been corrected (it had incorrectly stated around £8,200 in the previous version rather than £8,400). The underlying analysis of the proposed NI reforms used the correct level of the Primary Threshold, and is therefore unaffected.</p></p>
Authors
![Mike Brewer](/sites/default/files/styles/square_desktop/public/2022-07/Mike%20Brewer.jpg?itok=3JdYlHV1)
Mike Brewer
![Person graphic](/sites/default/files/styles/square_desktop/public/2022-06/IFS-person-graphic.png?itok=hWCtTSrz)
Robert Chote
![David Phillips](/sites/default/files/styles/square_desktop/public/2022-06/David_Phillips.jpg?itok=wr3uc1L2)
Associate Director
David is Head of Devolved and Local Government Finance. He also works on tax in developing countries as part of our TaxDev centre.
Press Release details
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