The Prime Minister has confirmed a tax rise for millions of British workers as part of a bid to reform social care - with critics saying it will hit employers and workers HARD.
Boris Johnson announced to Parliament yesterday a 1.25 percentage points increase in National Insurance contributions (NICs) as part of a new health and social care levy, amounting to £12billion in total over several years.
The PM admitted the plan was breaking one of the pledges he made in his manifesto ahead of the 2019 general election – a vow not to raise income tax, VAT or National Insurance Contributions (NICs).
Yesterday in the House of Commons, however, came the news that Brits who earn over £9,568 a year will be hit with the National Insurance hike.
Continue reading for FREE!
Sign up for a myGrapevine account to get:
- Unlimited access to News content
- The latest Features, Columns & Opinions
- A full range of specialist HR newsletters to choose from
UK
United States

