Chancellor Jeremy Hunt has announced a 2p cut in national insurance with effect from April, as he delivered his Budget.The move had been widely expected, as Downing Street tries to tempt voters before a general election, which is expected later this year.Mr Hunt had faced pressure from senior Tories to cut income tax, which they argue is better understood by voters than national insurance.He is said to have made his decision after forecasts from the Office for Budget Responsibility limited the f

Chancellor Jeremy Hunt has announced a 2p cut in national insurance with effect from April, as he delivered his Budget.The move had been widely expected, as Downing Street tries to tempt voters before a general election, which is expected later this year.Mr Hunt had faced pressure from senior Tories to cut income tax, which they argue is better understood by voters than national insurance.He is said to have made his decision after forecasts from the Office for Budget Responsibility limited the fiscal headroom he needs to make tax cuts while making sure debt falls as a share of gross domestic product.