Jan 072024
The 𝕏-verse has been splattered with Tory messages about this month’s cut in National Insurance; many of which have been amusing tagged with context pointing out that this isn’t a tax cut. Oh and if you see a Tory tax calculator, don’t try it – it’ll dishonestly add you to a Tory mailing list.
- National Insurance isn’t quite a tax; it looks like one, smells like one, but isn’t quite. The NI contributions are added to a fund out of which certain benefits are paid – chiefly state pensions. See: https://assets.publishing.service.gov.uk/media/657ae7f1254aaa000d050d2e/Great_Britain_National_Insurance_Fund_Account_-_2022_to_2023.pdf
- There is already a stealth tax rise due in April; a ‘tax cut’ that’ll be obliterated in three months is nothing more than a token gesture. Quite possibly a political stunt aimed at encouraging voters to vote Tory in a May election (if it occurs).
We can expect many, many more Tory lies on social media as the next election approaches; always pay attention to the “added context”.