Tax and Fiscal Policy

Hiking NI to fund social care “intergenerational robbery”


In the Media

Professor Len Shackleton quoted in The Telegraph

In the Media

Professor Len Shackleton quoted in the Independent

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.