“To recognise the unique contribution of these risk-takers and entrepreneurs to our economy and the insecurity they face without the rights and protections that employees enjoy, we will abolish it entirely by the end of the next Parliament. The abolition of the main rate of Class 4 National Insurance contributions builds on our abolition of Class 2 contributions for self-employed people from April this year. This will not affect their entitlement to the State Pension. This is a massive simplification of the tax system which means that 93% of self-employed people – four million of them – will no longer pay self-employed National Insurance.”