Philip Hammond made a “rookie error” in the Budget, former Conservative Chancellor Norman Lamont has said.
Lord Lamont criticised the planned rise in National Insurance for self-employed workers, a policy that breaks explicit pledges made in the Tory manifesto.
The peer, who served as Chancellor between 1990 until 1993, said it was fortunate for Mr Hammond that there was no general election looming and that he had time to regain trust.
Self-employed workers will see their rate rise from 9 per cent to 10 per cent in 2018, with a further rise to 11 per cent in 2019. The Treasury expects 2.5