Hiking NI to fund social care “intergenerational robbery”
3 September 2021
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In the Media
Professor Len Shackleton quoted in The Telegraph
3 September 2021
In the Media
Professor Len Shackleton quoted in the Independent
4 September 2021
Economic Theory
Professor Len Shackleton writes for The Telegraph
The government is reportedly planning to increase National Insurance Contributions (NIC) by 1 or 2 per cent to fund social care, breaking a manifesto commitment not to raise NI.
Professor Len Shackleton, IEA Editorial & Research Fellow, responded to the news with a press release but later wrote an op-ed for The Telegraph. Len argued: “It is absurd that those over state pension age with substantial incomes and assets – the major beneficiaries of this proposal – should not pay part of the burden because they are not currently liable for NICs“. Len suggested private insurance could ease the burden, but politicians have failed to back insurance options for social care.
Read the full article here.
Professor Len Shackleton, IEA Editorial & Research Fellow, responded to the news with a press release but later wrote an op-ed for The Telegraph. Len argued: “It is absurd that those over state pension age with substantial incomes and assets – the major beneficiaries of this proposal – should not pay part of the burden because they are not currently liable for NICs“. Len suggested private insurance could ease the burden, but politicians have failed to back insurance options for social care.
Read the full article here.
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