Tax and Fiscal Policy

A national insurance hike will worsen the cost of living crisis

Julian Jessop comments for the Daily Mail

Julian Jessop, IEA Economics Fellow, has commented for the Daily Mail on the government’s plan to increase national insurance contributions by 1.25%, in an effort to fund health and social care. Many business leaders and MPs have criticised the measure, arguing that it will increase the financial burden on those struggling with a cost of living crisis.

Julian warned that increasing taxes may be “the final straw that tips the economy back into recession”.

Read the full article here.