Budget 2017: Philip Hammond accused of breaking key election pledge by raising National Insurance for self-employed

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‘Philip Hammond launched a tax raid on the self-employed in his first Budget today and was accused of breaking a key Conservative manifesto pledge.

The Chancellor increased National Insurance payments for the self-employed – which the Tories promised repeatedly they would not do – and hit savers with a tax on dividend payments.

The two measures will raise a combined £4.6 billion for the Treasury. The announcements prompted an angry response from many Conservative MPs, with one former Cabinet minister suggesting Mr Hammond was taxing “work and enterprise and success”.’

Read more: Budget 2017: Philip Hammond accused of breaking key election pledge by raising National Insurance for self-employed