Sajid Javid has downgraded how much low-paid workers will save under Boris Johnson's plan to raise the National Insurance threshold. In an interview with the Sky News, the Chancellor said that the true figure would mean most people saving around £85 a year to begin with.
He contradicted the prime minister, who made an unexpected pledge yesterday to raise the threshold for National Insurance contributions from £8,628 per year to £9,500.
“If we're lucky enough to be elected, so the first Budget we will go up to the £9,500 threshold and that will, as I say, put £500 into the pockets of everybody,” Mr Johnson told ITV News. Mr Javid said 30 million people would keep more of their own money under the plan.