National insurance rise sets UK on path to record tax level
(Worthy News) – UK Prime Minister Boris Johnson’s plan to hike payroll taxes to raise billions in funding for health and social care will raise Britain’s tax burden to its highest ever level, according to the Institute for Fiscal Studies.
The independent research organization also said that further tax hikes could be on the cards, resulting in a permanent increase in the size of the British state and squeezing workers and businesses still recovering from the pandemic.
“Both [government] spending and tax will ratchet upwards over the next few years,” the IFS said in research published after Johnson’s announcement Tuesday, which broke a 2019 election promise not to hike income tax or national insurance. [ Source (Read More…) ]
Worthy News reports from a biblical worldview with a commitment to accuracy, transparency, and editorial independence. Learn more about About Worthy News, our Editorial Standards, AI Use Policy, Ownership of Worthy News, News Tips and Corrections, and Worthy News Staff.
💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.
📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌
Latest Worthy News
Books by George Whitten
The Eternal Kingdom Revealed https://eternalkingdomrevealed.com
The Eternal Kingdom Revealed traces the Kingdom of God as the central story of Scripture, from before creation to the restoration of all things.
Identity in Messiah Revealed https://identityinmessiah.com
A devotional journey calling believers out of self-doubt and into confident, Kingdom-rooted identity in the Messiah.
As an Amazon Associate I earn from qualifying purchases.
