The Anonymous Widower

Boris And A National Insurance Cut

This article on the BBC is entitled Boris Johnson Pledges Cut To National Insurance.

This is the introductory paragraph.

Boris Johnson aims to change National Insurance rules so workers will not have to pay it until they earn £12,500.

I can just about remember my first real pay packet.

  • I was 16 and it was only a vacation job from school.
  • It was notes and coins in a brown envelope.
  • I was working in a factory designing and building electronics to automate heavy machinery.
  • In the pay packet was a payslip, which included a small deduction for National Insurance.
  • I was a bit miffed at the deduction, as I wasn’t earning much.

What I like about Boris’s plan, is that so many of those employed in lower-paid jobs will now not see a deduction for Income Tax or National Insurance.

What reaction will that bring in those employed in those lower-paid jobs?

  • I doubt anybody would object.
  • It could be a powerful motivator, as they would keep more of the fruits of their labours.

It would also be a very difficult policy to reverse. Imagine a future government breaking the link between Income Tax and National Insurance!

November 21, 2019 Posted by | World | , , | 3 Comments