Everybody ready for their 10% NI increase then?

Aet290204

Well-known member
They don't have to increase NI to pay for it though. It's a blunt way to do it and it penalises those with lower incomes - typical Tory tactic.
Blindingly obvious taxes were going to have to go up.
Can’t be arsed arguing about it. Clearly you know more about it than I do and are more clever than me.
 

MolteniArcore

Well-known member
Blindingly obvious taxes were going to have to go up.
Can’t be arsed arguing about it. Clearly you know more about it than I do and are more clever than me.

No need to be arsey. We basically owe the Covid debt to ourselves so we can be patient with the repayments so it isn't 'blindly obvious that taxes were going to have to go up'.


There is no need to hike NI in April with a cost of living crisis in progress. It's yet again a Tory political choice that damages the people less well off.
 

Oooo

Well-known member
I thought the reason for it was to pay for social care? PErsonally dont mind paying more tax for good reasons but it should be via fair taxes e.g., income tax
 

Aet290204

Well-known member
No need to be arsey. We basically owe the Covid debt to ourselves so we can be patient with the repayments so it isn't 'blindly obvious that taxes were going to have to go up'.


There is no need to hike NI in April with a cost of living crisis in progress. It's yet again a Tory political choice that damages the people less well off.
Not being arsey. Sorry you think I am.
Don’t then.
quite. I’ll STFU don’t worry.
Have a nice night
 

Pak_Doo_Ik

Well-known member
Same. It's not as if they haven't U turned before is it?
Usual Tory plot, they’ll freeze it then convince us all that we are now better off thanks to Super Blonde and his band of merry men, despite inflation being a record levels, wage increases being pegged, interest rates climbing and energy prices soaring.

But hey ho NI will still the same so we are better off 😬
 

Rofesleg

Well-known member
I’ve just explained it, it’s not 10% of our wages NI is going up 10% yet the government are still advertising it as 1.25%.
Percentage points and percent are not the same but I suspect you know that and know exactly where I’m coming from. We can afford it although pi**ed off but millions out there can’t.
It is pretty obvious that it is going up from 12% to 13.25% - an increase of 1.25%.
If it went up BY 1.25% it would be going up to only 12.15%, which I don't think anyone was expecting (i.e. 1.25% of 12 is 0.15)
For all their faults I don't think its fair to accuse them of sleight of hand on this one. It is much clearer than announcing that it was going up by 10.42%.
Anyway, I'm just a pedantic mathematician.
 

WoodallServices

Well-known member
It is pretty obvious that it is going up from 12% to 13.25% - an increase of 1.25%.
If it went up BY 1.25% it would be going up to only 12.15%, which I don't think anyone was expecting (i.e. 1.25% of 12 is 0.15)
For all their faults I don't think its fair to accuse them of sleight of hand on this one. It is much clearer than announcing that it was going up by 10.42%.
Anyway, I'm just a pedantic mathematician.
You are that sir, clearly better than your understanding of “spin”.😀
 

changingman

Well-known member
No need to be arsey. We basically owe the Covid debt to ourselves so we can be patient with the repayments so it isn't 'blindly obvious that taxes were going to have to go up'.


There is no need to hike NI in April with a cost of living crisis in progress. It's yet again a Tory political choice that damages the people less well off.
100% this - before any tax rise is implemented it would be useful to understand the % of tax money which has been completely wasted during the pandemic, or simply handed out to mates of mates.

The fallacy of national debt strikes again I'm afraid - the Conservatives are incredibly adept at selling this story to the British public and they lap it up every time.
 

FabioPorkpie

Well-known member
It is pretty obvious that it is going up from 12% to 13.25% - an increase of 1.25%.
If it went up BY 1.25% it would be going up to only 12.15%, which I don't think anyone was expecting (i.e. 1.25% of 12 is 0.15)
For all their faults I don't think its fair to accuse them of sleight of hand on this one. It is much clearer than announcing that it was going up by 10.42%.
Anyway, I'm just a pedantic mathematician.

ahem……….

The PM's official spokesperson said the change will make "the system fairer for all" and noted that working adults above pension age will also contribute to the new levy.
"The levy will be paid by working adults including those over the state pension age. From April 2022, while systems are being updated, NICs rates will rise by 1.25%," the spokesperson told reporters on Tuesday.


The.PMs.Official.Spokesperson………..BY 1.25%

From the very first article I found when looking for the announcement.

No sleight of hand you say?

 
ahem……….

The PM's official spokesperson said the change will make "the system fairer for all" and noted that working adults above pension age will also contribute to the new levy.
"The levy will be paid by working adults including those over the state pension age. From April 2022, while systems are being updated, NICs rates will rise by 1.25%," the spokesperson told reporters on Tuesday.


The.PMs.Official.Spokesperson………..BY 1.25%

From the very first article I found when looking for the announcement.

No sleight of hand you say?

I see the rhetoric but it isn’t fair, in the sense that the NI level above 50k salary flattens to 2%. This will disproportionately hit middle earners
 

Rofesleg

Well-known member
ahem……….

The PM's official spokesperson said the change will make "the system fairer for all" and noted that working adults above pension age will also contribute to the new levy.
"The levy will be paid by working adults including those over the state pension age. From April 2022, while systems are being updated, NICs rates will rise by 1.25%," the spokesperson told reporters on Tuesday.


The.PMs.Official.Spokesperson………..BY 1.25%

From the very first article I found when looking for the announcement.

No sleight of hand you say?

It's pretty obvious what the increase was. That statement even talks in terms of £.
What did you think the new rate would be?
Did anyone really think it was raising from 12% to 12.15%?
 

Rofesleg

Well-known member
Saw this on Lorraine of all places but explains how much extra you will pay. Certainly not 1.25%!!

View attachment 32469
Those figures can be equally misleading.
There are several ways of expressing the increase, depending on which message you are trying to get across and to whom.

e.g. (using above figures):

Salary = £20,000
Current NI = £1,300 = 6.50% of Salary
New NI = £1,430 = 7.15% of Salary
Increase = £130 = 10% = 0.65% of Salary
 

FabioPorkpie

Well-known member
Those figures can be equally misleading.
There are several ways of expressing the increase, depending on which message you are trying to get across and to whom.

e.g. (using above figures):

Salary = £20,000
Current NI = £1,300 = 6.50% of Salary
New NI = £1,430 = 7.15% of Salary
Increase = £130 = 10% = 0.65% of Salary

And do the replies on this thread and the various consumer expert articles and social media comment etc not tell you that the way they conveyed the message gave the overwhelming majority an impression that is not the same as the one you are portraying?
That argument has sailed, clearly, given the responses pretty much everywhere.
 

MolteniArcore

Well-known member
Those figures can be equally misleading.
There are several ways of expressing the increase, depending on which message you are trying to get across and to whom.

e.g. (using above figures):

Salary = £20,000
Current NI = £1,300 = 6.50% of Salary
New NI = £1,430 = 7.15% of Salary
Increase = £130 = 10% = 0.65% of Salary

Eh?!! If the increase for someone earning £20k will be £130 how was my chart misleading?
 

FatFrank

Active member
The stark reality is that theft, burglary and black market produce will just increase in those less-affluent areas which in turn increases the requirement for police, local enforcement, case workers etc etc. It's a vicious circle and yet another kick to the bollox from (in my opinion) the worst administration this country has ever witnessed. (Albeit I am only 35).

Both my wife and I earn good wages yet both planning to change spending habits come April - we've estimated a huge change in outgoings just through expenditure we cannot control.
 
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