Britain to raise taxes to pay for social care
#Britain is expected to announce a tax hike for about 25 million people, in a move that would cap social-care costs for individuals and increase funding for the National Health Service, the Telegraph newspaper reported on Thursday.
UK Prime Minister Boris #Johnson next week will reveal the rise in National Insurance, a type of tax paid to fund government benefits programs, the report said.
The prime minister’s office favours a 1% rise in the tax, while the Treasury is possibly looking at a higher rate of up to 1.25%, according to the report.
In return, the government will cap the amount a person can spend on social-care costs during their lifetime, possibly at between 60,000 pounds ($83,010) and 80,000 pounds, according to the newspaper.
ShortURL ⬇
Youtube Feed
Error 403: The request cannot be completed because you have exceeded your quota..
Domain code: youtube.quota
Reason code: quotaExceeded
Error: No videos found.
Make sure this is a valid channel ID and that the channel has videos available on youtube.com.