National Insurance Contributions (Reduction in Rates) Act 2024

Key Points

• Purpose: lowers National Insurance contributions across the board.
• Key votes in March 2024: Second Reading 304 Aye, 43 No; Third Reading 293 Aye, 41 No; Reasoned Amendment to Second Reading 44 Aye, 300 No.

Progress

The bill has completed all parliamentary stages and received Royal Assent, becoming law.

Voting

In the Commons, the Second Reading passed 304-43 and the Third Reading passed 293-41. TheReasoned Amendment to the Second Reading was defeated 44-300. Party lines varied, with the Conservative Party broadly supporting the measure and other parties voting in mixed patterns.