Long-awaited plans for an overhaul of the UK’s social care system have been delayed again until autumn, though industry experts are already assessing the impacts a National Insurance increase could have.
The government is rumoured to be planning a 1% National Insurance (NI) increase to fund social care reforms and support the ageing population, according to original reports in The Times. It has since been reported that, with Boris Johnson, chancellor Rishi Sunak and health secretary Sajid Javid all self-isolating, final decisions on the being issue are being delayed until autumn. Though no announcement is imminent, these plans may prove controversial with some. Darren Cooke, Chartered financial planner at Red Circle Financial Planning, is angry that the government is proposing a backt...
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