Nov 8, 2024, 11:00 PM
Nov 8, 2024, 11:00 PM
Treasury Misleads Public with National Insurance Claims
- The Treasury published a social media post stating there would be no tax rate increases.
- The budget announced a 1.2 percentage point increase in employer's national insurance contributions.
- Experts criticize the Treasury for providing misleading information regarding tax changes.
The Treasury faced criticism after a misleading social media post claimed no increases to taxation rates. This statement contrasts with the recent budget announcement, which included a notable increase in employer's national insurance contributions. Starting April 6, 2025, the rate will rise by 1.2 percentage points to 15 percent. Economic experts, including Paul Johnson from the Institute for Fiscal Studies, deem the Treasury's claims as dubious and raise concerns about the implications for employees who may bear the financial burden of this increase. The misleading communication has sparked debates about transparency and the government's approach to public information concerning tax policies.
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