Julian Jessop, IEA Economics Fellow, has joined many in criticising the government’s resistance to abolishing the planned National Insurance hike in April. In the face of low government borrowing statistics for this year, Julian argues that the time has come to axe the tax rise.

“Between April and December, the UK Government borrowed £12.9billion less than the OBR had forecast.”

“This provides the “fiscal room” to ditch the hike in national insurance in April, which would have raised about £12billion.”

Read the full article here.