Chancellor Rishi Sunak has announced the National Insurance threshold will be raised by £3,000 to £12,570.

Delivering his Spring Statement, Mr Sunak said he was increasing the amount to be in line with the income tax threshold. He said it would help both workers and employers.

Read more about the Spring Statement announcements here: https://news.sky.com/story/spring-statement-latest-rishi-sunak-to-unveil-mini-budget-as-he-hints-he-will-help-britons-with-the-cost-of-living-crisis-12572642

SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews

Follow us on Twitter: https://twitter.com/skynews
Like us on Facebook: https://www.facebook.com/skynews
Follow us on Instagram: https://www.instagram.com/skynews
Follow us on TikTok: https://www.tiktok.com/@skynews

For more content go to http://news.sky.com and download our apps:
Apple: https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8
Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.androidu0026hl=en_GB

Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí https://www.youtube.com/channel/skynewsespanol
Sky News videos are also available in German here/Hier können Sie außerdem Sky News-Videos auf Deutsch finden: https://www.youtube.com/channel/UCHYg31l2xrF-Bj859nsOfnA

To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales