Sunak Proposes Benefits Cuts to Eliminate National Insurance
The Prime Minister's plan aims to simplify the tax system and encourage work, but faces criticism for potential impact on welfare recipients.
- Rishi Sunak plans to cut benefits to fund the scrapping of national insurance, aiming for a simpler tax system.
- The proposed cuts are part of the Conservative Party's election offer, with the goal of eliminating the tax by the end of the next Parliament.
- Critics, including Labour and the Institute for Fiscal Studies, question the funding of the plan, estimated to cost £46 billion.
- The government seeks to reduce the number of people signed off as unfit to work, aiming to shift from a 'sick note' to a 'fit note' culture.
- The plan has sparked debate over its impact on welfare recipients and the feasibility of funding significant tax cuts without increasing borrowing.