Conservatives to raise NIC threshold to £9.5k

The Conservative election manifesto does not contain any of the predicted pledges to cut income tax but will raise the NICs' threshold and triple lock taxes.

The triple lock promises not to raise the rates of income tax, national insurance contributions (NICs) or VAT, in a move likely to limit options for raising additional revenue to fund spending commitments. The same commitment was made in the 2010 manifesto election by David Cameron.