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Devastating official impact assessment paints bleak picture of damage that will be caused by Boris Johnson’s new National Insurance levy

By
Edward Malnick,
SUNDAY POLITICAL EDITOR


Telegraph.

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Replies: 13
By:
Giuseppe
When: 12 Sep 21 23:13
i can't see anything
By:
akabula
When: 12 Sep 21 23:38
More nonsense from Donny.
By:
----you-have-to-laugh---
When: 13 Sep 21 14:37
Therese Coffey says people - already working full time -  can work for an extra two hours to make up for removing £20 universal credit uplift. 

Lol, out of touch...
By:
A_T
When: 13 Sep 21 14:46
Boris Johnson's National Insurance increase could result in the breakdown of families and deter companies from hiring new staff and increasing wages, according to the Government's own analysis.

A bombshell impact assessment produced by HM Revenue and Customs for the Treasury warned that one effect of the 1.25 percentage point tax increase "may be an impact on family formation, stability or breakdown as individuals, who are currently just about managing financially, will see their disposable income reduce".

The disclosure comes as several MPs in Red Wall seats said they faced a major backlash from constituents over the move. One MP said they had received angry letters referring to the levy as the "poll tax 2.0" – a phrase that was also used spontaneously by voters in a focus group in a northern city last week.

The analysis states that the new health and social care levy "is anticipated to have a significant macroeconomic impact" with consequences "for earnings, inflation and company profits". "Behavioural effects" of the increase, which will take effect in April, "are likely to be large", the analysis states, "and these will include decisions around whether to incorporate or not, and business decisions around wage bills and recruitment."

Downing Street is likely to face questions about why the assessment was not made available to MPs before they approved the plan last Wednesday.


https://www.telegraph.co.uk/politics/2021/09/11/poll-tax-20-will-harm-jobs-families-treasurys-experts-admit/
By:
frog1000
When: 13 Sep 21 15:08
The lockdowns that all the sheep wanted have consequences and those consequences will have to be paid for in the coming decades.

What did you think would happen if people were paid to stay at home for a year and the NHS was shut for months on end?
By:
dave1357
When: 13 Sep 21 15:15
akabula • September 12, 2021 11:38 PM BST
More nonsense from Donny.


I thought your type had been telling us for years that tax increases damage jobs - was that all a lie?
By:
politicspunter
When: 13 Sep 21 15:18

Sep 13, 2021 -- 9:08AM, frog1000 wrote:


The lockdowns that all the sheep wanted have consequences and those consequences will have to be paid for in the coming decades.What did you think would happen if people were paid to stay at home for a year and the NHS was shut for months on end?


The NHS was shut?

By:
dave1357
When: 13 Sep 21 15:24
frogIT seething that the vaccination policy has saved thousands of lives.
By:
Cider
When: 13 Sep 21 15:30
simple to avoid paying the ni hike by increasing your salary sacrifice conts.
By:
1st time poster
When: 13 Sep 21 15:33
the brexit promised dividends,
cheaper food/clothes LaughLaugh, BINNED by johnson

lower taxes  LaughLaugh,  BINNED by johnson

relaxed planning laws  LaughLaugh,  BINNED by johnson

more brexit dividends coming your way shortly LaughLaugh
By:
thegiggilo
When: 13 Sep 21 15:37
At least we're chucking sh1t in the rivers..Shocked
By:
1st time poster
When: 13 Sep 21 15:42
and delaying uk border checks for another 6 months, and brexiteers still happy ,Laugh
gone from desperate to leave to desperate to cling on
By:
dave1357
When: 13 Sep 21 16:01
^^^^ salary sacrifice on a shaky nail imo
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