British Prime Minister Boris Johnson received a mandate from the House of Commons for increasing taxes to the highest level in the history of the country for health financing, reports Bloomberg.
The payroll tax from next year will grow by 1.25 percent, as well as an additional 1.25 percent to add to dividend tax. Money will go to financing the social protection system. After the coronavirus crisis, the country requires funds to restore health and the volume of assistance to pensioners.
Thus, the authorities violate the promise not to raise taxes prescribed in the election manifest of the ruling conservative party in 2019. Opponents of the initiative called Johnson’s decision by tax bomb.
Receipts from new fees will bring the budget, according to preliminary estimates, about 10 billion pounds (14 billion dollars). The influential representative of Conservatives Jake Berry advised the authorities to reconsider the decision and think about increasing the income or corporate tax charged from companies, instead of increasing insurance premiums.