National insurance rise will hit local families hard – Lockhart

National insurance rise will hit local families hard – Lockhart

Carla Lockhart MP

Staff Reporter

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Upper Bann DUP MP Carla Lockhart has said the proposed rise in National Insurance contributions of 1.25p more in the pound will hit low paid and ‘squeezed middle’ households hard and has urged the Government to rethink the proposal.

Carla Lockhart said:

“The Prime Minister has brought forward this proposed change despite a manifesto commitment not to raise taxes. While it will come as no surprise to anyone in Northern Ireland that the Prime Minister has broken his word, it is a matter of deep regret that on this occasion it will hit household incomes hard at a time that is already financially challenging for many.

"The real impact is clear. For someone on an income of £20,000, the rise will mean an extra £130 being lost to National Insurance contributions. That is a lot of money for many families, and the difference between making ends meet or not. Added to this is the increase in food prices, high cost of fuel, energy prices increasing by up to 35% in some cases. The conclusion is that for many families this is just disastrous and will cause huge stress and strain.

"The Government needs to rethink this proposal and we have made this clear to the Prime Minister. Now is not the time to raise taxes, it is the time to support employers to sustain jobs and to support households facing unprecedented financial challenges. I hope the Government realise this and reverse this proposal.”

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