Tories plan to promise an additional 2p National Insurance reduction in their manifesto.

Prime Minister Rishi Sunak asserted that the Tories were the party known for "sound money" and stated that under another Tory government, working individuals would be able to "retain more of their hard-earned money".

​The Conservatives will unveil their election manifesto soon, pledging to reduce National Insurance by an additional 2p if they win the election.

​National Insurance (NI) is a tax paid by employees, employers, and self-employed individuals on their earnings.

It is understood another 2p cut in the rate for employees will be in the manifesto - as well as the bigger aim to scrap the tax entirely when it is "financially responsible" to do so.

​The government already cut NI for employees twice in 2024, taking it first from 12% to 10%, and then 10% to 8%. This would be the third rate cut overseen by Mr Sunak, reducing the employee rate to 6p.

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