Posted on 09/07/2021 4:58:48 AM PDT by John W
U.K. Prime Minister Boris Johnson will announce plans to hike taxes on Tuesday to fund health care and reforms to the country’s social care system.
By increasing the National Insurance rate (a tax on earnings) by an expected 1.25%, Johnson’s government aims to tackle crises in social care funding and National Health Service treatment waiting lists, the latter of which has spiraled amid escalating pressure on health care services throughout the Covid-19 pandemic.
The increased rate could reportedly raise more than £10 billion ($13.8 billion) a year.
Johnson is set to announce the changes in a statement to the House of Commons on Tuesday. The Prime Minister’s spokesman confirmed to Sky News on Tuesday morning that Cabinet ministers had approved the plans.
Under Britain’s National Insurance scheme, workers and employers pay a levy that funds certain welfare programs like state pensions, statutory sick pay and maternity pay. People over the state pension age do not pay the levy, which effectively lowers their tax bill.
For workers earning between £797 and £4,189 a month, National Insurance payments are 12% of their earnings. Additional earnings in excess of £4,189 a month are taxed at 2%. Those payments are made on top of income tax.
(Excerpt) Read more at cnbc.com ...
spend trillions on covid, then raise taxes! great thinking:
7 Sept: news.com.au: Australia is spending up to $25 million for each Covid life saved
Australia has gone harder than almost any other nation to save lives through lockdowns but there are some terrifying stats behind the whopping cost.
by Neil Pharaoh
What we have discovered through Covid, is a complete lack of policy rationality. We have spent around $1 trillion in Australia in relation to Covid, when you add business loss and state and federal government spending...
2 (two) – the number of Australians who have died on average from Covid-19 each day since the pandemic began – 1000 over 18 months...
Taking the ‘no lockdown’ model of Sweden and extrapolating their deaths to Australia’s population would have been 39,000 deaths, divide one trillion by those lives and we have spent $25.6 million per life saved in Australia. I recognise there are of course other consequences, long term impacts and beyond, but whichever way you cut it we are spending a lot to save people from Covid...
https://www.news.com.au/world/coronavirus/australia/australia-is-spending-up-to-25-million-for-each-covid-life-saved/news-story/ff9e95686349940bcf076f69b5a4067a
The NHS is the tail that wags the dog.
Clap for carers!
Meanwhile, a huge number of GPS are STILL refusing to see patients in person.
Boris needs a haircut and a comb.
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