Cost of health and social care reform will be a 'bitter pill to swallow'

Market reactions

John Brazier
clock • 6 min read
Cost of health and social care reform will be a 'bitter pill to swallow'

Advisers and financial services experts say that the increase National Insurance (NI) tax provides some clarity on social care and NHS issues, but will increase financial vulnerability, especially for younger workers.

Prime Minister Boris Johnson's plans to increase NI payments by 1.25% from April next year were laid out in full yesterday (7 September) during an address to the House of Commons. In order to ra...

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