UK Business

The cost of living crisis means now is not the right time to raise national insurance

Written by Shampa Roy-Mukherjee, Associate Professor in Economics, University of East London

The cost of living crisis in the UK continues. After confirmation that households will be paying almost £700 extra a year on gas and electricity bills, it seems that 2022 is living up to its label as the “year of the squeeze”.

As well as price increases, taxes are due to rise from April. National insurance...

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