Jeremy Hunt has suggested National Insurance payments could be scrapped entirely in the future, describing the levy as “particularly unfair”. Currently, people pay two forms of tax on their income – National Insurance and Income Tax – something the Chancellor said “penalises work instead of encouraging it”. Delivering the Spring Budget, he said his “long term ambition” is to end the system of double taxation, today announcing a further 2p cut to National Insurance. He slashed it from 10 per cent to eight per cent. Self-employed national insurance will be cut from 8 per cent to 6 per cent. The …