National Insurance Hike Threatens Wages
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national insurance paymentsiNews (Indonesia)
•Hiking employer NI will hit working people, OBR warned Tory government
68% Informative
Office for Budget Responsibility said raising NI would push down workers’ pay.
Labour said it would not raise the rates of the three main taxes paid by working people’ in its manifesto.
But experts say Labour would be raising taxes on workers if it committed to the policy.
Political opponents of the Government have accused ministers of dishonesty.
It is not clear yet how any new tax would be levied.
One option would be to raise the rate of the levy paid on all salaries.
Another would involve charging national insurance on the pension contributions made by companies.
VR Score
76
Informative language
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40
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English
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