What are National Insurance and income tax and what could change in the Budget?

The article discusses the potential changes to National Insurance (NI) and income tax in the upcoming Budget. Experts suggest that the government may go back on its promise not to increase these taxes for working people. National Insurance is a tax paid by employees and employers, which funds various government services such as the National Health Service (NHS) and state benefits. Income tax is a tax paid on personal earnings. Both of these taxes could potentially see changes in the Budget, contrary to the government's previous pledge. The article does not provide specific details on what these changes might entail or the reasons behind the possible policy reversal. It simply highlights the speculation among experts that the government may increase NI and income tax, despite its earlier promise not to do so. The article remains neutral and does not offer any opinions or analysis on the potential implications of such changes.