Boris Johnson confirms tax rise from April

BBC News ^ | Jan 29 | BBC News

[RandFan]

A planned £12bn rise in National Insurance from April is "the right plan" and "must go ahead", Boris Johnson and Rishi Sunak have said.

In an article in the Sunday Times, the PM and chancellor said the rise - which applies to employees and employers - will help clear the NHS backlog.

Despite opposition, including from some Tory MPs, they say it is "progressive" because higher earners pay more.

With inflation rising sharply, there had been calls to scrap the tax rise.

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.

After that, the extra tax will be collected as a new Health and Social Care Levy.

The changes to National Insurance will see an employee on £20,000 ($26k) a year pay an extra £89 ($120) in tax. Someone on £50,000 ($67k) will pay £464 ($622) more.

From April, people earning under £9,880 a year ($13k), or £823 ($1.2k) a month, will not have to pay National Insurance and will not have to pay the new levy.

Critics have said the increase will have a higher impact on the lower-paid and could contribute to inflation when household budgets are under pressure from rising energy prices and food bills.

And business leaders have warned that firms could offset the tax rise by raising prices.

[RandFan]

Well done Boris.. A so called conservative raising taxes at the worst possible time and calling it progressive!

[Mr Radical]

Yep, conservative in name only.
...will help clear the NHS backlog the NHS is a bottomless pit; nothing will clear it, and this will have no more effect than all the previous efforts i.e. zero
"Health and Social Care Levy" I think the only creative thinking these politicians are good for, is dreaming-up new taxes.
And it follows on shortly after taking away the 'pensions-lock' that guaranteed state pensions (for which folks have been paying this National Insurance Tax all their lives) would track the official rate of inflation.

[mewzilla]

Speaking of FBJ, this vid is awesomely funny...and pointed. Partygate related.

With a NSFW: Language warning (f-bomb dropped once), enjoy...

Boris Johnson & The Lockdown Gang Beastie Boys 'Right To Party' Parody......Top Kek