It is dangerous that the policy is “intergenerational attacks.”
Reports show that National Insurance (NI) contributions appear to increase by 1% to fund long-term care reforms.
Boris Johnson is expected to release the plan soon, with a move that will raise £1 billion a year from both employers and employees.
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This means that employee NI rates with revenues below £967 per week can jump from 12% to 13%.
As things stand, NI contributions are only paid by contributions under the UK pension age of 66.
The policy is under pressure as it is seen as an unfair tax on young people who feel they are already at a disadvantage due to rising university fees and housing prices.
Taxes will initially be allocated to address the NHS backlog in the aftermath of the pandemic. The Health Secretary said Javid warned that waiting lists could jump to people between 5.3m and 13m.
“Using Covid’s backlogs has led to a growing perception that the NHS will not recover without social care reform,” said Jeremy Hunt, chairman of the Health Select Committee.
Hunt added that there were other options to raise funds, but none of them were viable.
“The appeal of health and social care collection is that it has been funding the NHS backlog in the short term and has been desperately improving the social care system over the medium long term,” Hunt said in a tweet. Ta.
Tom Selby, senior analyst at AJ Bell, said the pandemic would ultimately put meaningful measures on politicians to address the UK’s long-term care crisis “after decades of intake by consecutive governments.” He said it could be a crisis that forces them to take the initiative.
“But it also breaks the commitment of the central conservative manifesto, leaving the government open to accusations of intergenerational assaults. Young people will soon benefit older people. Added. did.
“The government may try to badge this as a ‘social care collection’ separate from its contribution to national insurance. This maintains the pledge that, at least on its surface, will not raise the NI rate as it is, whether or not voters still see it. ”
