Spring Statement 2022
Posted by Andrew_Smith on Thursday 24th of March 2022
Chancellor of the Exchequer, Rishi Sunak, delivered his 2022 Spring Statement on 23 March, confirming implementation of the politically contentious 1.25 percentage-point rise in most National Insurance contributions, though with revised thresholds to mitigate the impact. He declared that his overall plan "builds a stronger, more secure economy for the United Kingdom.” The fiscal update included a number of specific measures and a new ‘Tax Plan’ which the Chancellor said would help families with the cost-of-living squeeze. Mr Sunak said, “Peo...
Omnis Investments: Feb 2022 | Geopolitics in focus.
Posted by Andrew_Smith on Tuesday 1st of March 2022
National Insurance Set to Rise in April 2022
Posted by Andrew_Smith on Thursday 3rd of February 2022
National Insurance contributions are set to increase by 1.25% in April this year, as part of the government’s plans to fund the health and social care sector in the UK.
The rise comes after the impact of the Covid-19 pandemic on the health and social care sector which has resulted in a substantial backlog. Therefore, to tackle this, the government has introduced the increase to be able to fund a catch-up programme to get the NHS back on track.
When will the increase in contributions occur?
From 6th April 2022 to 6th April 2023, national ins...
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