It has been reported overnight that people on universal credit will see only about half of the gain from the measure that the Minister is bringing forward compared with those who are not on universal credit because the portion of people’s income that will not now be subject to 12% national insurance will instead be subject to the universal credit taper at 55%. Is that assessment correct?
National Insurance Contributions (Increase of Thresholds) Bill
Proceeding contribution from
Stephen Timms
(Labour)
in the House of Commons on Thursday, 24 March 2022.
It occurred during Debate on bills on National Insurance Contributions (Increase of Thresholds) Bill.
Type
Proceeding contribution
Reference
711 c463
Session
2021-22
Chamber / Committee
House of Commons chamber
Librarians' tools
Timestamp
2023-01-31 15:47:38 +0000
URI
http://hansard.intranet.data.parliament.uk/Commons/2022-03-24/22032431000039
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