Health and social care levy: Scrapping raises questions over NHS finances

The “health and social care levy,” introduced in April to fund NHS backlogs and fund social care, will be scrapped in November, the government has announced. The scrapping is part of a series of tax cuts under newly announced “pro-growth” plans that the government said will encourage businesses to invest.Announcing the reversal of the levy, which had been expected to raise £13bn a year to help cut NHS waiting lists and bolster adult social care, the chancellor of the exchequer, Kwasi Kwarteng, said that funding would be maintained at the same level as if the levy were in place.The 1.25% point increase in national insurance for employers and employees came into force in April and was set to continue in the next financial year but labelled as a separate health and social care levy and appearing as such on payslips. It would have also included pensioners who are still in…
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