If National Insurance is scrapped, who wins and who loses?
After cutting national insurance for the second time in yesterday's Budget, the prime minister has said it's his "long-term ambition" to eventually scrap the tax.
As only those in work pay it, it's seen by many – including the Chancellor - as an unfair double tax on those in the workforce. But, completely abolishing it would cost the government £46bn.
Labour have criticised the plans, saying the move would cost more than the cuts unveiled in Liz Truss' chaotic mini-budget and the director of the Institute of Fiscal Studies called it unrealistic.
On this edition of the Sky News Daily, Niall…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.