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Politics

  • David Davis blasts voter ID plan as ‘illiberal’ solution as bill passes first hurdle

    September 7, 2021

    Former Brexit Secretary David Davis has hit out at UK Government plans to introduce voter ID laws at future general elections. Davis said the plans to demand potential voters produce photgraphic ID is an “illiberal” solution in search of a “non-existent problem”. The Elections Bill will make it a requirement for voters to show an [...]

  • Boris Johnson refuses to rule out new tax rises before next election

    September 7, 2021

    Boris Johnson has said he has an “emotional commitment” to not hiking tax again before the next election, but refused to rule it out just hours after increasing National Insurance and dividend tax. Johnson refused at today’s press conference on three occasions to promise he would not raise taxes again, commenting only that “I certainly [...]

  • IFS: Tax hikes not enough to fix broken social care system

    September 7, 2021

    A leading economic think tank has warned hikes to national insurance and dividend taxes announced by prime minister Boris Johnson today will not be enough to tackle chronic problems in the UK’s social care system. The Institute for Fiscal Studies warned the increase in funding for social care will fall short of reversing deep cuts [...]

  • PM hikes National Insurance and dividends tax by 1.25 per cent to pay for NHS and social care reform

    September 7, 2021

    Britons will be hit with £12bn-a-year tax rises to pay for increases in NHS and social care spending, with National Insurance and dividends tax in Boris Johnson’s crosshairs. A new Health and Social Care Levy will effectively hike National Insurance Contributions for employees and employers by 1.25 per cent from April 2022, while taxes on [...]

  • Government breaches another manifesto pledge by denying full triple lock uplift

    September 7, 2021

    The government has breached another manifesto pledge and scrapped the normal functioning of the state pension triple lock, it announced today. In a statement delivered to the House of Commons today, secretary of state for work and pensions Thérèse Coffey announced the government will employ a triple lock lite, denying millions of pensioners an uplift [...]

  • Exclusive: National Insurance hiked by 135 per cent in 20 years, much faster than any other tax

    September 7, 2021

    The government announced a new Health and Social Care Levy earlier today, which will effectively hike National Insurance Contributions for employees and employers by 1.25 per cent from April 2022. So how often are NICs used to pay for government investments and additional public spending? City PM studied the last twenty years. Tax receipts from [...]

  • Number 10 says there are no plans for an ‘October Covid firebreak’

    September 7, 2021

    Number 10 has hosed down reports that the government is preparing for a potential Covid “firebreak” in October when cases are expected to rise. Boris Johnson’s official spokesman told journalists today that it is “not true the government is planning a lockdown or firebreak around the October half term”. The i newspaper reported yesterday that [...]

  • Johnson to defy Tory MPs and launch £10bn-a-year tax hike to fund social care and NHS

    September 7, 2021

    Prime minister Boris Johnson will defy a revolt among Tory MPs and scathing criticism and plough on with a hike to national insurance to generate more than £10bn a year to tackle the swelling backlog of NHS work and fix the UK’s ailing social care system. Johnson will today announce an at least one percentage [...]

  • UK chip maker takeover by Chinese firm halted on ‘national security grounds’

    September 7, 2021

    The merger between UK-based chip maker Perpetuus Group China’s Taurus International has been halted by the business secretary on “national security grounds”. Business secretary Kwasi Kwarteng on Sunday issued a public interest intervention notice to intervene in the proposed acquisition. The Competition and Markets Authority is now set to form a report into the transaction [...]

  • Business groups decry NI hike ahead of social care plan announcement

    September 7, 2021

    Boris Johnson will today outline his government’s plan for social care reform, with the widespread expectation he will announce an increase in National Insurance. It will come alongside plans to fix the Covid-related NHS backlog, which is thought to be at around five million people. It is expected that it will be paid for by [...]

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