Tax hike: National Insurance increase likely to trigger redundancies once furlough ends September 8, 2021 With the furlough scheme being withdrawn at the end of this month, the increase in National Insurance will make the cost of keeping jobs more expensive for employers, tax experts and accountants told City A.M. today. Yesterday, Brits were told they will be hit with £12bn-a-year tax rises to pay for increases in NHS and [...]
NHS will ‘swallow’ additional funds raised by tax hikes, warns IFS September 8, 2021 A leading economic think tank has warned Boris Johnson’s decision to hike national insurance and dividend tax will not raise enough funds to tackle England’s social care crisis. The Institute for Fiscal Studies has warned the 40 year trend of the NHS breaching its budget will lead to the additional money raised by the tax [...]
Dividend tax grab threatens City’s reputation as a good place to do business September 8, 2021 Boris Johnson’s £600m dividend tax raid could deter investors, dampen entrepreneurial activity and damage the City of London’s reputation as a good place to do business, experts have warned. The government launched a tax assault yesterday in a bid to raise money to pay for clearing the swelling backlog of NHS work and to fix [...]
Cabinet reshuffle rumours swirl around Westminster September 8, 2021 Rumours continue to swirl that Boris Johnson will oversee a cabinet reshuffle tomorrow, despite Number 10’s comments that there are “no plans” for one. The Prime Minister has cleared his diary tomorrow, after a quick House of Commons vote today on the government’s National Insurance and dividends tax increases. The Times reports today that Johnson [...]
England Men’s summer 2022 cricket schedule confirmed: New Zealand Test series, white-ball July and South Africa in all formats September 8, 2021 England cricket chiefs have confirmed the men’s team’s schedule for next summer, which will begin with a three-Test series against world champions New Zealand. They will then play one-day and Twenty20 series against India and South Africa in July before another three-Test series with the Proteas in August and September. “It has been a scintillating [...]
Tax hikes pull London markets down September 7, 2021 Sliding financial stocks pulled London markets down today after prime minister Boris Johnson announced a hike to dividend taxes and national insurance. The capital’s premier index fell, the FTSE 100, slipped 0.48 per cent to 7,152.75 points, while the mid-cap FTSE 250 had 0.62 per cent shaved off its value to fall to 24,097.48 points. [...]
Boris Johnson refuses to rule out new tax rises before next election September 7, 2021 Boris Johnson has said he has an “emotional commitment” to not hiking tax again before the next election, but refused to rule it out just hours after increasing National Insurance and dividend tax. Johnson refused at today’s press conference on three occasions to promise he would not raise taxes again, commenting only that “I certainly [...]
Editorial: A Tory tax raid means Boris mustn’t break his promises again September 7, 2021 “You can’t fix the Covid backlog without giving the NHS the money it needs, you can’t fix the NHS without fixing social care, you can’t fix social care without removing the fear of losing everything to pay for social care and you can’t fix health and social care without long term reform.” This is the [...]
IFS: Tax hikes not enough to fix broken social care system September 7, 2021 A leading economic think tank has warned hikes to national insurance and dividend taxes announced by prime minister Boris Johnson today will not be enough to tackle chronic problems in the UK’s social care system. The Institute for Fiscal Studies warned the increase in funding for social care will fall short of reversing deep cuts [...]
PM hikes National Insurance and dividends tax by 1.25 per cent to pay for NHS and social care reform September 7, 2021 Britons will be hit with £12bn-a-year tax rises to pay for increases in NHS and social care spending, with National Insurance and dividends tax in Boris Johnson’s crosshairs. A new Health and Social Care Levy will effectively hike National Insurance Contributions for employees and employers by 1.25 per cent from April 2022, while taxes on [...]