Conservative leadership candidate Rishi Sunak said on Tuesday that he would scrap VAT on all domestic energy bills next year if he becomes the prime minister. Sunak, who has criticised his opponent Liz Truss for promising unfunded tax cuts that he said will worsen inflation, was accused of performing a U-turn, but his supporters defended…
Ditch National Insurance Rise Amid Cost of Living Crisis, Experts Warn UK Government
The Government should not be raising national insurance during the cost of living crisis, economists have told MPs. Giving evidence to the Treasury Select Committee, Tom Clougherty, from the Centre for Policy Studies, said it was “extremely perverse” to raise the tax currently and it should be delayed. Torsten Bell, from the Resolution Foundation, said…
Former Brexit Minister Says Planned National Insurance Hike ‘Never Necessary or Justified’
The UK’s former Brexit minister on Monday became the latest senior Conservative MP to pressure Prime Minister Boris Johnson to scrap a tax hike due in April. Lord David Frost, who recently resigned from the Cabinet over the government’s taxation and other policies, denounced the scheduled £12 billion ($16 billion) National Insurance hike as being…
Labour ‘Will Not Support Rise in National Insurance to Pay for Social Care’ in the UK
Labour leader Sir Keir Starmer has told the Prime Minister his party will oppose plans to increase national insurance to fund social care. In a letter to Boris Johnson, who is set to reveal his plans to fix the crumbling social care system in the Commons on Tuesday, Starmer said Labour supported tax increases to…
Prime Minister Under Growing Pressure Not to Impose National Insurance Hike
Prime Minister Boris Johnson is under growing pressure from within his own party not to impose a manifesto-breaking national insurance hike to pay for social care. Former Prime Minister Sir John Major on Saturday joined the Conservatives warning against the widely-expected move targeting workers and employers by arguing it is “regressive.” Instead he called for…
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