Tag Archives: earnings tax

Opinion: Lib Dems should get behind renaming of National Insurance

Tory MP Ben Gummer is today introducing a 10-minute rule bill “to make provision for National Insurance to be known as Earnings Tax”. It’s a very simple renaming proposal. But branding is important, not least in politics. The Chancellor is “said to be attracted to the idea”, so if Danny Alexander and Nick Clegg were to support it, the change could make it into the Budget.

It’s well known that National Insurance is an extra income tax in all but name. As far back as 1994, Lib Dem policy was “to abolish national insurance contributions and create an integrated tax …

Posted in Op-eds | Also tagged and | 31 Comments
Advert

Recent Comments

  • Tristan Ward
    @David Raw If your accusation is that I am a good liberal - which includes economic liberalism - I plead guilty - as would the Lib Dem element of the coaliti...
  • Tristan Ward
    @ Judy Abel (cont) Painful as they are for the consumer, right now I think high oil and gas prices are a good thing. They incentivise the transition to chea...
  • Tristan Ward
    @Judy Abel I have looked at your links. I see no reason to rule profit out of any sector as a matter of principle with a few exceptions. For children's...
  • Tim Rogers
    Another example of an increasingly multi polar world. Obviously Iran will be uppermost in people's minds but India Israel Cyprus and Greece have all had recent ...
  • Jana
    Do you think these developments may cause India to move closer to Russia and China? If it does, an alliance of the country with the largest nuclear stockpile, ...