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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.
Pause Switch to Standard View Tory ‘Poll tax 2.0’ will harm jobs...
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Report Giuseppe September 12, 2021 11:13 PM BST
i can't see anything
Report akabula September 12, 2021 11:38 PM BST
More nonsense from Donny.
Report ----you-have-to-laugh--- September 13, 2021 2:37 PM BST
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...
Report A_T September 13, 2021 2:46 PM BST
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/
Report frog1000 September 13, 2021 3:08 PM BST
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?
Report dave1357 September 13, 2021 3:15 PM BST
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?
Report politicspunter September 13, 2021 3:18 PM BST

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?

Report dave1357 September 13, 2021 3:24 PM BST
frogIT seething that the vaccination policy has saved thousands of lives.
Report Cider September 13, 2021 3:30 PM BST
simple to avoid paying the ni hike by increasing your salary sacrifice conts.
Report 1st time poster September 13, 2021 3:33 PM BST
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
Report thegiggilo September 13, 2021 3:37 PM BST
At least we're chucking sh1t in the rivers..Shocked
Report 1st time poster September 13, 2021 3:42 PM BST
and delaying uk border checks for another 6 months, and brexiteers still happy ,Laugh
gone from desperate to leave to desperate to cling on
Report dave1357 September 13, 2021 4:01 PM BST
^^^^ salary sacrifice on a shaky nail imo
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