National Insurance is set to increase this April by 1.25 percentage points and there have been a number of calls for the increase to be delayed to support those struggling with the increased cost of living.
The London Assembly has today called on the Chair of the London Assembly to write to the Chancellor, to ask him to reconsider the planned increase this April.
Len Duvall OBE AM, who proposed the motion said:
“The reckless 10% National Insurance hike will result in the lowest-paid paying more.
“With the cost of living crisis pushing more people to the brink, it beggars belief to plough on with this increase.
“Low-income Londoners are being pushed closer to debt and financial ruin and this could plunge thousands more under the poverty line.”
The full text of the motion is:
This Assembly notes that the rise in National Insurance planned for April means an increase of 1.25 percentage points, which is a 10% rise in the amount people have to contribute. This will result in the lowest paid Londoners paying more.
This Assembly notes that the Chair of the Treasury Committee in the House of Commons has called for the increase to national insurance to be delayed supporting those struggling with the increased cost of living. However, the Prime Minister remains committed to the increase.
This Assembly joins the calls of Members of Parliament to the Chancellor to delay the proposed National Insurance hike amid the rising cost of living. This Assembly calls on the Chair of the Assembly to write to the Chancellor and ask him to reconsider the increase to National Insurance this April.
Notes to editors
- Watch the full webcast.
- The motion was agreed by 14 votes for and 8 against.
- Len Duvall OBE AM proposed the motion.
- As well as investigating issues that matter to Londoners, the London Assembly acts as a check and a balance on the Mayor.
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