It came amid claims that the tax burden will hit a 70 year high if National Insurance contributions are increased. National Insurance contributions, widely known as 'NICs', are the UK's second biggest tax after income tax. It said: 'We promise not to raise the rates of income tax, National Insurance or VAT. Tory backbenchers fear they will face a massive backlash from the public if Mr Johnson goes ahead with the plan to now hike National Insurance. But the prospect of a tax increase has sparked Tory fury, with at least five Cabinet ministers reportedly opposed to the move.

Source: Daily Mail September 05, 2021 07:21 UTC