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Sunday, May 29, 2022

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National Insurance

People will be looking at their payslips and wonder what’s happened to the amount they receive in their pocket

In the  next week, many people are going to be looking at their bank accounts and payslips and wondering what has happened to the amount they receive in their pocket… The post People will be looking at their payslips and wonder what’s happened to the amount they receive in their pocket appeared first on London…

Sunak raises National Insurance threshold

The chancellor today announced that the government will raise the threshold for the amount people earn before they pay National Insurance. “From this July, people will be able to earn… The post Sunak raises National Insurance threshold appeared first on London Business News | Londonlovesbusiness.com.

Government should be deferring the National Insurance tax increase, not planning for a tax giveaway

Despite record inflation and soaring energy prices, the Government is pushing ahead with April’s National Insurance (‘NIC’) increase so that it can later cut income tax in a perceived tax… The post Government should be deferring the National Insurance tax increase, not planning for a tax giveaway appeared first on London Business News | Londonlovesbusiness.com.

Calls for the government to delay the planned increase in National Insurance following Plan B

The Association of Independent Professionals and the Self Employed (IPSE) has responded to the rising infection rate of the Omicron variant by warning that unless the government offers support to… The post Calls for the government to delay the planned increase in National Insurance following Plan B appeared first on London Business News | Londonlovesbusiness.com.

Sunak grilled by Treasury committee

Chancellor Rishi Sunak faced questions from the parliamentary treasury committee today in his first statement since the budget was unveiled last Wednesday. Sunak defended his national insurance rise, saying: “Anyone who tells you that there’s another way to raise… billions of pounds, I don’t think is being honest or credible because there really isn’t.” After…

Government bodies ‘exempt’ from health and social care levy

he Treasury has admitted that government bodies will be effectively exempt from a new tax hike, during a committee session on efficiency in government spending. Cat Little, director general public spending at the Treasury, told the public accounts committee that “government departments who are directly employing individuals who have to pay higher employer national insurance…

We shouldn’t raise National Insurance, we should scrap it

Later today the government will announce its solution to the unsolvable problem: how to pay for social care. As with most government announcements, much of it has already been leaked to give them the opportunity to read the room before officially committing to anything. It is anticipated they will announce an increase in National Insurance…

Manifestnose

Pinocchio is the story of a little puppet whose nose grows every time he lies. We at Politics.co.uk wonder how large Boris Johnson’s nose would be by now if he was afflicted by a similar condition. His latest u-turn has been to increase National Insurance contributions, despite the Conservatives pledging in their 2019 manifesto that…

Government breaks manifesto pledge to fund social care

Boris Johnson declared that “a global pandemic was in no one’s manifesto”, as he defended the government breaking a manifesto pledge to tackle the NHS backlog and fund social care. In newly unveiled plans to overhaul social care, the prime minister announced a new 1.25% Health and Social Care Levy, funded by National Insurance Contributions.…

National insurance rise dominates PMQs

  Ian Blackford, the SNP’s Westminster leader, called the planned National Insurance rise a “regressive Tory poll tax” during Prime Minister’s Questions today in the Commons. The planned 1.25 percentage point rise to National Insurance in order to raise money for the NHS and adult social care dominated the debate. Labour leader Sir Keir Starmer said:…

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