DHSS Say National Insurance Increase Will Help Out Their Finances

DHSS Say National Insurance Increase Will Help Out Their Finances

The Department of Health and Social Security have said the introduction of a 1% National Insurance increase will help their financial situation.

The 1% increase has been introduced to help claw back funds into the Government who are set to suffer greatly from the loss of £90 million from next years budget.

The DHSS especially will struggle, given a current estimated overspend for this year of roughly £8 million.

It’s estimated that somebody earning the average of £569 a week will have to pay back an extra £18.36 a month.

It’s thought the proceeds of the increase will contribute an extra £7 million to the DHSS each year.