Boris plans to raise national insurance contributions in order to improve social care.
Boris wants to increase national insurance contributions to strengthen social services.
To help pay for England’s social care changes, BORIS JOHNSON is expected to propose a 1% increase in national insurance contributions.
The Prime Minister has agreed with key ministers, according to The Times, that an increase in national insurance will help pay for his social care proposals. The penny-for-pound increase, which would affect both companies and employees, is predicted to raise an additional £10 billion per year while also assisting in the reduction of NHS waiting times following COVID.
After former Health Secretary Jeremy Hunt told BBC Newsnight, “You can never address the problem in the NHS if you ignore the social care system,” the study was released.
During Mr Hunt’s nearly seven-year term as Health Secretary, spending on social care was cut by 17% between 2010 and 2019.
In July 2019, Boris Johnson, the Conservative Party’s leader and Prime Minister, pledged on the steps of Downing Street that he will “fix the issue in social care once and for all,” defeating Mr Hunt by more than 45,000 votes.
The suggestions include a cap on social care expenses of £50,000, as previously proposed by ex-Government health adviser Sir Andrew Dilnot. Families will not be forced to sell their houses as a result of this.
The state would then be responsible for the remaining costs.
According to The Times, Sir Dilnot also suggested that elderly participate to the pool by paying national insurance. This method, on the other hand, was rejected due to its difficulty.
However, not everyone is pleased with the Prime Minister’s plans to make employees and businesses pay the bill.
“Funding social care only through national insurance would be rather inequitable,” Paul Johnson, the Institute for Fiscal Studies’ head since 2011, stated. It would be a continuation of a long-term strategy of punishing those of working age while helping pensioners, even if it was intended to benefit those well beyond pension age. It’s a question of fairness.”
The Resolution Foundation’s Torsten Bell said, “It’s a tax that unfairly burdens younger and lower-paid workers, compared to a fairer rise in income tax.” Why would we raise taxes on those who are already paying them? ”Brinkwire Summary News?” you might wonder.