2017 Spring Budget...

[El Cid]

They haven't broken an election promise. The small print stated that Class 1 would not be raised, there was no promise about Class 4.

 

Have you read their 2015 manifesto, there is no small print, that would be dishonest.

[Penistone999]

Could raising NIC be a reason/excuse to call a general election? They have broken an election promise, again.

 

As I recall, that is what happen with Brown, he thought he didnt need one, but later realised his Government needed a mandate.

 

The Government know the next GE is a gimmie as they have no opposition , so calling an early one wouldnt be an issue.

[taxman]

Institute for Fiscal Studies backs National Insurance increase

 

"Philip Hammond's move has been heavily criticised, but the IFS analysts said the current system needed reform.

"It distorts decisions, creates complexity and is unfair," it said.

"A tax system which charges thousands of pounds more in tax for employees doing the same job as someone else needs reform," the IFS said.........It added that the incentives for companies to claim that people who work for them were self employed, rather than employees, were huge."

[unbeliever]

Institute for Fiscal Studies backs National Insurance increase

 

"Philip Hammond's move has been heavily criticised, but the IFS analysts said the current system needed reform.

"It distorts decisions, creates complexity and is unfair," it said.

"A tax system which charges thousands of pounds more in tax for employees doing the same job as someone else needs reform," the IFS said.........It added that the incentives for companies to claim that people who work for them were self employed, rather than employees, were huge."

 

Well that's a rather good point.

[Anna B]

It's only middle to high earners who will be adversely affected.

As well as NI class 4 going up NI class 2 has been zeroed out, so you have to have a profit of at least 17k to end up paying even a little bit more.

http://www.bbc.co.uk/news/business-39208859

Obviously people making £17k are not rich, but you have to be making a lot more than that to take a noticeable hit.

 

Glad to hear it.

 

(That the low paid are not going to be hit)

Edited March 9, 2017 by Anna B

[Berberis]

Glad to hear it.

 

(That the low paid are not going to be hit)

 

What IS low paid in this context?

[Anna B]

What IS low paid in this context?

 

Unbeliever says less than £17K.

[Penistone999]

What IS low paid in this context?

 

Owt less than a tenner an hour according to comrade Corbyn.

[Anna B]

Owt less than a tenner an hour according to comrade Corbyn.

 

Having watched several political / economic commentators talking about this, I've heard several different figures mooted. Which is worrying in itself...

[Jacktari]

Owt less than a tenner an hour according to comrade Corbyn.

 

I wish he was Comrade Corbyn.

 

If he were he would have seized power and we would have had a few of these traitors against the wall by now.