>Chancellor Rachel Reeves is eyeing up a simultaneous 2p hike to income tax and 2p cut to national insurance, it has been reported, in an effort to raise some £6bn.
>It would also only affect pensioners and landlords who do not pay national insurance.
I’m absolutely in favour of this. Pensioners and landlords shouldn’t get a tax break next to workers.
It’s far better in keeping with the manifesto pledge of not impacting working people than the ER NIC hike was.
Electricbell20 on
Scatter gun budget guessing season is officially upon us.
Scary-Spinach1955 on
Sure sure. Give with one hand, take with the other
Labour, everybody.
TellMeManyStories on
Income tax and NI are basically taxing the same thing (income).
Can we not simply combine them into a single tax to make everyone’s lives simpler?
Adm_Shelby2 on
Still another month of budget policy speculation to go, kill me now.
wkavinsky on
There’s nothing controversial in cutting NI by X% while similarly raising income tax by the same amount – it’s (mostly) revenue neutral for all workers (it’ll only affect workers over the NI cut off amount).
It will however seriously affect the grey boomers and the “income through wealth” peeps who don’t have to *pay* NI in the first place.
Then again, I’d rather she just bite the bullet and roll **all** employee NI into income tax (raise the basic rate by 6%, higher rate by 1% and additional rate by 1%) so that all people in the UK pay the same level of taxes, without the carve out for the rich and the retired.
PhyllisCaunter on
Get it done, a rise to the basic rate. We can then all have a moan and get on with our lives.
But whatever happens from here on, please stop trying to gauge public sentiment with the drip, drip approach someone by the Tories. The constant uncertainty and subsequent fear mongering is killing any prospect growth.
Jaded_Strain_3753 on
National insurance is a stupid tax conceptually so I would support this honestly
Canisa on
I’d rather just get rid of NI altogether and have it rolled up into income tax – do the same to capital gains as well, it’s crazy that’s a separate tax just because it’s a different kind of income.
Brother-Executor on
What about the money owed through her illegally letting her house out?
terrordactyl1971 on
Probably just dump NI altogether and put 5% on each tax bracket and be done with it once and for all
11 commenti
>Chancellor Rachel Reeves is eyeing up a simultaneous 2p hike to income tax and 2p cut to national insurance, it has been reported, in an effort to raise some £6bn.
>Reeves is considering the controversial tax hike, according to [The Telegraph](https://www.telegraph.co.uk/politics/2025/10/29/keir-starmer-opens-door-to-income-tax-increase/), which would breach the Labour Party manifesto and risk infuriating voters.
>It would also only affect pensioners and landlords who do not pay national insurance.
I’m absolutely in favour of this. Pensioners and landlords shouldn’t get a tax break next to workers.
It’s far better in keeping with the manifesto pledge of not impacting working people than the ER NIC hike was.
Scatter gun budget guessing season is officially upon us.
Sure sure. Give with one hand, take with the other
Labour, everybody.
Income tax and NI are basically taxing the same thing (income).
Can we not simply combine them into a single tax to make everyone’s lives simpler?
Still another month of budget policy speculation to go, kill me now.
There’s nothing controversial in cutting NI by X% while similarly raising income tax by the same amount – it’s (mostly) revenue neutral for all workers (it’ll only affect workers over the NI cut off amount).
It will however seriously affect the grey boomers and the “income through wealth” peeps who don’t have to *pay* NI in the first place.
Then again, I’d rather she just bite the bullet and roll **all** employee NI into income tax (raise the basic rate by 6%, higher rate by 1% and additional rate by 1%) so that all people in the UK pay the same level of taxes, without the carve out for the rich and the retired.
Get it done, a rise to the basic rate. We can then all have a moan and get on with our lives.
But whatever happens from here on, please stop trying to gauge public sentiment with the drip, drip approach someone by the Tories. The constant uncertainty and subsequent fear mongering is killing any prospect growth.
National insurance is a stupid tax conceptually so I would support this honestly
I’d rather just get rid of NI altogether and have it rolled up into income tax – do the same to capital gains as well, it’s crazy that’s a separate tax just because it’s a different kind of income.
What about the money owed through her illegally letting her house out?
Probably just dump NI altogether and put 5% on each tax bracket and be done with it once and for all