National Insurance: Opposition MPs urge rethink on April tax rise.

[Chippy_Tea]

On top of rising energy bill, the extra cost of fuel, shopping and stagnant wages the last thing the country needs is a tax rise why cant they put this off for two years what is the rush to get this tax money in now, why not put high speed rail on hold or scrap it altogether saving billions.


Opposition MPs have accused the prime minister and the chancellor of ignoring struggling families, after they confirmed taxes would rise in April.
Writing in the Sunday Times, Boris Johnson and Rishi Sunak insisted their £12bn National Insurance increase would go ahead, despite opposition.
Labour, the Lib Dems and some Tory MPs are urging a rethink, arguing workers cannot afford more tax at the moment.
Foreign Secretary Liz Truss the hike was needed due to Covid spending.
She said the Tories wanted to be able to lower taxes to boost the economy - but government support during the pandemic had to be "paid back".

Under the plans, employees, employers and the self-employed will all pay 1.25p more in the pound for National Insurance from April 2022 for a year.
From April 2023, the extra tax will be collected as a new Health and Social Care Levy. Legislation to set it up was approved in Parliament in September.
The government says the money will initially help clear NHS backlogs, and then be moved into social care system over the next three years.
But critics - including some Conservatives - say the rise will place a tougher burden on the lower-paid and should be scrapped.
There is also concern about the timing of the increase, with the cost of energy soaring and rising inflation also pushing up the cost of food and other bills.
Business groups have also warned about the effect of the rise on small companies and the wider economy.

Full article - National Insurance: Opposition MPs urge rethink on April tax rise

 

[Clint]

How's it going to clear NHS back logs when they sack loads of staff in February?

 

[Cheshire Cat]

Thick Lizzie was for a rise in NI back in January surely not another U turn like being a Lib Dem supporter, and being anti Brexit.

 

[Agentgonzo]

If the Tories have been consistent at anything in the last 5 years, it's been u-turns!

 

[The Baron]

Just to give some levelling up U turns are done by most parties here are 2 without searching to hard, it can also be a sign of adaptability that you change your mind I have done it many times as a manager and I am sure most other managers have or changed policies at work​

Labour makes abrupt U-turn over immigration bill vote​

Party said it would not oppose post-Brexit legislation but changed mind after backlash

Labour U-turn over claims against Tesco and Next use of foreign workers​

 

[Shirley Bassett]

Is the threshold for employee contribution to be kept at £12570? Or is that going to be reduced back down to the £9000 figure?

 

[The Baron]

I believe its staying the same SB

 

[Shirley Bassett]

That was my understanding as well, but I was told today, that it was a complete reversal.

 

[The Baron]

Lift from Gov site
National Insurance thresholds increased in July 2022 to lift 2.2 million of the poorest people in the UK out of paying the tax. The Chancellor has committed to retaining the level of these thresholds to support families. Taken together, the higher thresholds and the Levy reversal mean that almost 30 million people will be better off by an average of over £500 in 2023-24.

 

[Shirley Bassett]

Cheers