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Liverpool Echo
Liverpool Echo
Business
Max Channon & Alan Weston

National Insurance rise comes into force as cost of living squeeze bites hard

The cost of living crisis will be ramped up for millions of people 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, reported Hull Live. The Government says the Levy will help "to tackle Covid backlogs and reform routine services"

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