'Don't postpone it, scrap it altogether' Sunak told to rethink National Insurance rise

Mr Venture slammed the plan to increase National Insurance as he claims it will cause a major crisis for Britons who are already challenged with an increase in energy prices. The TaxPayers’ Alliance member called for Rishi Sunak to scrap the plan as he claims it will drive strained households into further poverty as they will not be able to cope with the cost of living. Mr Venture also criticised Tory MP Robert Jenrick’s calls to postpone the tax hike, instead of scrapping the entire idea.

He told GB News: “I think Robert Jenrick is absolutely right to recognise the strain that this National Insurance hike is going to have on struggling households.

“I mean let’s not forget this rise would be bad enough, in of itself.

“But when you think of the other things that taxpayers are going to be contending with this year like surging energy prices.

“And a frozen personal allowance threshold, I think we’ve already got a recipe for disaster.

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Mr Ventura added: “So I think it’s heartening that we’re starting to see concerns voiced by senior Parliamentarians and the Conservative Party.

“But I do think Jenrick is actually being a bit too reserved on this point.

“You know he says this rise should be postponed but it shouldn’t be postponed in my mind.

“It should be scrapped altogether! We should be looking at better and more cost-effective ways of funding health and social care in the country.

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During his speech to the Commons in Autumn outlining changes to national insurance, Chancellor of the Exchequer, Rishi Sunak said: 

“Taxes are rising to their highest level as a percentage of GDP since the 1950s.

“I don’t like it, but I cannot apologise for it – it’s the result of the unprecedented crisis we faced and the extraordinary action we took in response.”

 “My goal is to reduce taxes. By the end of this Parliament, I want taxes to be going down not up.”


Director at the International Trade Consultancy, Lucinda O’Reilly said: “Many sectors have done very well out of the pandemic so surely they should be asked to contribute more?”

“When the increase to National Insurance was announced we were told it was to pay for social care, which most people agree is something that needs to be tackled.

“However, since then it appears that the money will go into the NHS budget rather than being ringfenced.

“It’s obvious to everyone that the £370 billion that’s been spent on the pandemic needs to be recouped at some point and that taxes will go up but with all the other pressures on individuals and business at the moment this seems like a blunt instrument at the wrong time.”

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