BORIS Johnson announced today it will continue with its National Insurance plan for normally working Brits.
The Prime Minister defied calls from Tory MPs to delay or cancel the tax increase as families are facing a cost of living crisis.
He’s under growing pressure to roll over a tax bill that will add hundreds of pounds a year to your bill.
Boris said it was “extremely important” that a 1.25% increase go ahead as planned so the NHS could deal with its Covid backlog.
NI’s pay rise would add £130 a year to tax Britons on £20,000 wages and £255 for those earning £30,000.
Those over £50,000 will pay an extra £505 a year, those over £80,000 will have to fork out £880 and those earning over £100,000 will have to pay an extra £1,130.
Speaking during a visit to Wales today, the Prime Minister said: “It is important that we raise funds to deal with the Covid backlog.
“Each trend will go towards overcoming the backlogs of Covid and also taking care of society, and the two are interrelated.
“A lot of the problems are caused and exacerbated by the number of people waiting at the hospital that can be discharged.
“But they can’t be discharged because we can’t find the right social care package. It needs to be arranged.”
Pressed on whether the new tariffs could be delayed, he replied: “It’s absolutely important and I hope people understand.
“Now we have to work through the Covid backlog and sort out the social care services and I think that’s the right thing to do.”
A No 10 spokesman today also stressed that “there are no plans to remove or delay the imposition of the tariffs”.
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Meanwhile, work and pensions secretary Therese Coffey dismissed reports of a rift in the Cabinet over the new tax rate.
Army leader Jacob Rees-Mogg and Prime Minister Rishi Sunak are among those believed to be in favor of a delay.
Former Cabinet ministers David Davis and Robert Jenrick, now both in the backseat, have publicly urged the Prime Minister to turn around.
And many Tory MPs are privately linking the tax drop to Boris winning any confidence vote sparked by the Number 10 party scandal.
But Ms Coffey insisted the tariffs “should be continued” and said she was “not aware of any dissenting voices on that matter”.
She insists hiking at NI is a “progressive” move as the top 14% of earners will pay more than half of the total cost.
However, business executives have warned wage hikes will continue to fuel the spiraling inflation that is hitting Britons’ pockets.
A survey for the Institute of Directors found that nearly one in four companies plan to pass costs on to customers by raising prices.
And nearly a fifth of bosses say they will likely employ fewer people when the new tariffs take effect.
https://www.thesun.co.uk/money/17460106/national-insurance-tax-boris-johnson/ Your taxes WILL increase in April confirms Boris Johnson as he pushes to increase National Insurance