Is this the end of National Insurance?

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‘Income tax and National Insurance could be merged under one of the biggest shake-ups of the tax system for decades.

George Osborne, the Chancellor, has commissioned a study into the reforms which could lead to the creation of a single “earnings tax”.

The system of national insurance contributions dates back to 1911 when it was established to help working people insure against illness and unemployment.

It was expanded after the Second World War to help fund the health service and wider social security programmes, and is now charged at 12p for every pound of income.’

Read more: Is this the end of National Insurance?

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