Millions of people will be worse off from today, as the first of two planned National Insurance tax hikes comes into force. It is the first stage of a new Health and Social Care Levy that is predicted to raise £39 billion from tax payers.
The money is to be invested in the health and social care system. However, it comes at a time when living costs are spiralling and many families are already having to watch every penny.
The Government says the Levy will help "to tackle Covid backlogs and reform routine services" . It says the Levy "will end spiralling social care costs" by providing "a limit to the cost of care for everyone in the adult social care system for the first time".
