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National Insurance

Tax and social benefit system in the UK, introduced in 1911

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National Insurance: Tax and social benefit system in the UK, introduced in 1911
National Insurance (NI) is a fundamental component of the welfare state in the United Kingdom. It acts as a form of social security, since payment of NI contributions establishes entitlement to certain state benefits for workers and their families.

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Sunak hints inquiry may be launched into budget leak [Video]

Sunak hints inquiry may be launched into budget leak

Rishi Sunak has said he deplores leaks but could not “recall” whether a leak inquiry was launched after the planned National Insurance cut was reported in the media before the Spring Budget. Facing..

Credit: ODN     Duration: 01:39Published
Budget 2024: The Main Points [Video]

Budget 2024: The Main Points

Jeremy Hunt has cut National Insurance by 2p as he laid out his plans for taxation and spending in the Spring Budget. The chancellor also announced he would be scrapping the non-dom tax status, which..

Credit: ODN     Duration: 04:58Published
Hunt confirms 2p National Insurance tax cut [Video]

Hunt confirms 2p National Insurance tax cut

Jeremy Hunt confirms a 2p National Insurance cut from April 6 and for the self-employed it will be slashed from 8 percent to 6 percent. In the closing statements of his Budget, he says that today the..

Credit: ODN     Duration: 01:38Published

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'I don't yet know' if govt can cut taxes again after NI reduction, Hunt says

Chancellor Jeremy Hunt is unsure if the government can afford further tax cuts - as a National Insurance (NI) reduction comes into force today.
Sky News - Published

National Insurance to be cut from 12% to 10% - as state pension and Universal Credit to rise

National Insurance is to be cut by two percentage points, the chancellor has announced in his autumn statement - as he pledged to "honour the triple lock in full" and increase Universal Credit.
Sky News - Published

Millions of workers hit by National Insurance hikes from today

millions of workers hit by national insurance hikes from todayMillions of workers will begin paying higher National Insurance contributions from today as part of a plan to raise billions for the NHS and social care.
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Autumn statement: How does Rishi Sunak's National Insurance change affect you?

autumn statement: how does rishi sunak's national insurance change affect you?The Chancellor, Rishi Sunak, has increased the amount you can earn before you start paying National Insurance, from £9,880 to £12,570, when the new rate takes effect in April.
Sky News - Published

PM refuses to budge on benefit cuts despite taxpayers footing bill to support US-owned CO2 producer

pm refuses to budge on benefit cuts despite taxpayers footing bill to support us-owned co2 producerTaxpayers will help pay for the operating costs of a US-owned fertiliser manufacturer amid the ongoing energy crisis - just weeks after the government announced it was cutting Universal Credit and..
Sky News - Published

MPs back National Insurance hike to tackle NHS backlog and fund PM's social care changes

MPs have backed a tax hike to boost funds for dealing with the NHS treatment backlog and to reform social care in England.
Sky News - Published

National Insurance hike will see care workers receive tax rise but no pay increase - Starmer

national insurance hike will see care workers receive tax rise but no pay increase - starmerUnder Boris Johnson's plan to hike National Insurance by 1.25% as part of social care reform, a care worker on the minimum wage will receive a tax rise but not a pay rise, Sir Keir Starmer has said.
Sky News - Published

Tax hike will raise 'enough money' to pay for social care reforms - Javid

tax hike will raise 'enough money' to pay for social care reforms - javidA plan to hike National Insurance contributions will raise "enough money" to pay for reforms to the care sector in England and is "a very Conservative thing to do", Sajid Javid has said.
Sky News - Published

PM refuses to rule out more tax rises ahead of next election as he defends National Insurance hike

Boris Johnson has refused to rule out further tax rises prior to the next election as he defended his abandonment of a Conservative manifesto promise not to raise National Insurance contributions.
Sky News - Published

Business groups say NI hike will hold back jobs growth at crucial moment in recovery

business groups say ni hike will hold back jobs growth at crucial moment in recoveryBusiness groups have criticised plans for a National Insurance hike as a drag on jobs growth just as firms seek to recover from the COVID-19 crisis.
Sky News - Published

PM announces 1.25% National Insurance hike to pay for social care

National Insurance contributions will rise by 1.25% to pay for the social care system in England in a bid to end the "unpredictable and catastrophic costs" faced by many.
Sky News - Published

PM considering raising National Insurance to fund social care reforms

pm considering raising national insurance to fund social care reformsBoris Johnson is looking at raising National Insurance in order to fund long-promised reforms of social care.
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