• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
No Result
View All Result
Home News

Minister ‘not aware’ of HMRC report saying NI tax hike could prompt family breakdown

“I expect it’s an unquoted source and we don’t look into elements like that," she said and was then told it came from HMRC.

Joe Mellor by Joe Mellor
2021-09-13 15:40
in News
FacebookTwitterLinkedinEmailWhatsapp

The Work and Pensions Secretary has admitted not being aware of a Government report warning that the rise in National Insurance could increase the likelihood of family breakdown.

Therese Coffey said she “absolutely” backs the rise of 1.25 percentage points to tackle the NHS backlog and reform social care before acknowledging she had not seen the warning from HM Revenue and Customs.

Labour leader Sir Keir Starmer accused the Government of “hammering” working people and suggested that other forms of taxation could be used to raise funds for social care reform.

Official analysis prepared for the Government and released after MPs had approved the National Insurance rise said the impact would be “significant” on economic factors such as earnings, inflation and company profits.

It also warned there “may be an impact on family formation, stability or breakdown” as individuals who are currently just about managing “will see their disposable income reduce”.

HMRC

Ms Coffey was asked on LBC radio if she is happy to break up families, after she insisted she “absolutely” still backs the National Insurance increase.

“I’m not sure where that comes in on your questioning,” she responded.

RelatedPosts

Enough is Enough: Campaign group say ‘billionaires need us, we don’t need them’

Energy bills: Campaign Don’t Pay gains momentum as it hits supporter milestone

Price cap predictions hiked again as Liz Truss slams windfall taxes

Breaking: the UK economy – Britain enters recession territory as Truss’ tweets come back to haunt her

“I don’t know where HMRC or any… I have not seen that report.

“I expect it’s an unquoted source and we don’t look into elements like that.”

But told that the analysis came from HMRC, she said: “I’m not aware of it; thank you for bringing it to my attention. I’m not sure I agree with the assertion that is made.”

Ministers have insisted the National Insurance rise is the fairest way to fund the changes needed in the health and social care service.

But the HMRC report said the change will disproportionately affect those whose main income comes from working, rather than from property income, pension income or savings.

Meanwhile, Sir Keir has been under pressure to spell out how his party would fund extra spending for health and social care after Labour opposed the “unfair” National Insurance rise.

“Our analysis is that you could raise this money in other ways – whether that’s capital gains tax, whether that’s on properties, stocks and shares, or dividends,” he told reporters.

“He’s (Boris Johnson) not even trying.

“He’s gone straight for hammering working people.”

Related: Times columnist says calling politicians cheats and liars ‘damages society’

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending
Abdollah

‘Rescue us’: Afghan teacher begs UK to help him escape Taliban

CHOMSKY: “If Corbyn had been elected, Britain would be pursuing a much more sane course”

What If We Got Rid Of Prisons?

More from TLE

World’s largest aircraft given a pair of giant inflatable landing feet

Five men have been arrested after a vile video of revellers laughing as an effigy of Grenfell Tower went up in flames went viral

GALLERY: YOB bring the doom to Central London

How to attract more property viewings

South Korea gets chummy with China

Star Wars – Rogue One: Film Review

Parturient Justo Dolor Cras Tristique

Tory councillor pocketed £86k of taxpayer cash to send one email a week for nearly five years

EU: Corbyn’s Brexit compromise may be acceptable way forward to avoid no deal

How to Wipe out the Virus Infecting Your Computer

JOBS

FIND MORE JOBS

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.