PM confirms 1.25% NI tax increase to fund health and social care

Laying out funding plans for health and social care, Johnson confirmed a 1.25% increase in NI tax, breaking a manifesto pledge made during the national elections in 2019. Speaking to the House of Commons today (7 September), Johnson said that the new national levy will come into effect in April next year and that there would be no increase in income tax or capital gains tax, instead stating the cost of the reform packages would be "shared by individuals and businesses, and everyone will contribute according to their means." The Prime Minister claimed that the new levy will raise a tot...