Thousands of families to lose 16 per cent of income after National Insurance rise and cuts

The Chancellor’s tax rise for self-employed people could cost thousands of families up to 16 per cent of their income when taken alongside other previously announced changes, research suggests.

The House of Commons Library found that a self-employed single parent with two children on £10,000 a year would face a 16 per cent of their income once all the changes come into effect.

The Library, which was commissioned to look at the effect of the National Insurance rise by Labour MP Owen Smith, found that other self-employed parents with incomes of £20,000 would see a similar income cut of around 12

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