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Johnson to Set Out $14 Billion Tax Hike to Fund Social Care (3)

Sept. 7, 2021, 10:17 AM

U.K. Prime Minister Boris Johnson will announce his long-awaited plan to reform social care on Tuesday, risking a major row with his own party over a potential tax rise that could hit young people hardest.

The government is likely to confirm plans to go ahead with a 10 billion-pound ($14 billion) tax increase -- despite pledging not to in the Conservative Party’s 2019 election manifesto.

Johnson’s office has so far skirted around reports that national insurance, a payroll tax, could be raised by at least 1% to both reform social care and tackle the National Health Service backlog that ...

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