TaxPersonal TaxBlair suggests NI rise unnecessary

Blair suggests NI rise unnecessary

Prime minister says 2002 National Insurance increase may be sufficient

Tony Blair has suggested that a further National Insurance rise may be unnecessary.

Link: National Insurance Fund accounts qualified

The £8bn increase in 2002 ‘takes care of the catch-up that was needed for the NHS,’ he told the FT.

‘I’m not writing the Budget, but you don’t build the same hospital twice. The National Insurance rise takes care of the catch-up that was needed for the health service. But by 2008, for the first time, the country will be back up to the European average,’ said Blair.

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