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8min chapter
If National Insurance is scrapped, who wins and who loses?
Sky News Daily
Debating the Abolition of National Insurance in the UK
Exploring the potential elimination of national insurance in the UK as a tax on work and its historical context. Perspectives are shared on the benefits and drawbacks of scrapping national insurance, including effects on tax rates, specific benefits funded, and implications for pensioners. The chapter also discusses stimulating the economy through reducing work taxes, unfreezing tax thresholds, balancing tax burdens, public service funding priorities, and the complexities of tax communication.
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