Sentences with phrase «raise national insurance contributions»

Moreover, ahead of the 2001 general election, it was widely reported that the Chancellor was planning to raise National Insurance contribution rates shortly after the election, in preference to raising Income Tax in order to fund increased NHS spending.

If the Fabians want to raise taxes on higher incomes, they should focus their argument on raising National Insurance contributions at the top end of the scale.

Not exact matches

That marked a break from the Conservative pledge under former Prime Minister David Cameron in a 2015 election campaign not to raise income tax, national insurance contributions or VAT.

He told the newspaper that the Conservatives would soon announce proposals to reduce National Insurance contributions, to cut the rate of tax paid on savings and to raise the threshold at which pensioners pay taxes.

Asked whether he would consider raising Vat, the Chancellor said he had looked at it last year but decided an increase in National Insurance contributions would be «fairer».

«You have to be straight with the public about what you say you will raise and then do it,» he told the Guardian, in the wake of a government U-turn over the national insurance contributions rise that was proposed by Philip Hammond in last week's budget.

The new National Mutual must be given the guarantee, in law, that it will gain all the additional funds raised by increasing National Insurance contributions.

Furthermore, higher employee pension contributions, raised National Insurance costs and the minimum wage add further pressures.

Self - employed people face a rise in national insurance contributions, from 9 % to 10 % in April 2018, and to 11 % in April 2019 — in breach of a 2015 Conservative Party manifesto promise not to raise the tax.

Under the proposals, the Treasury would raise extra National Insurance contributions by removing the presumption of self - employment from LLPs.