National insurance rise will cost £24bn in growth, economists fear – The UK economy will be £24bn a year smaller by 2032 if Chancellor Rishi Sunak goes ahead with April’s 1.25% National Insurance hike, according to Europe Economics analysis.
Experts and business leaders in the UK are pleading with Tory UK Chancellor Rishi Sunak to help to help working class people and scrap NI rises which they predict will have dire effect on the UK economy for the next 10 years. Before the chancellor’s spring statement on Wednesday, a survey of over a thousand businesses by Lloyds Bank found almost four in ten firms put help with energy bills and rising costs at the top of their wish list for government support
Labeled as a stealth tax against working class Brits who are already feeling the economic squeeze we all have to remember this all comes after we heard about Tories wasting billions of tax-payer money on Covid contracts with their mates.
When the Tories tell us there is no choice but to raise National Insurance we must all remember this is just another example of Tory elitism – and economic incompetence.
Click here for a secure way to sign up, you will be supporting independent news. Click the button below.
Disagree with this article? why not write in and you can have your say? email us