This evening, Therese voted to fund a big increase in permanent and dedicated NHS spending and to help fix social care - making the tough but responsible choice to bring in a dedicated Health and Social Care Levy.
Therese said: "The new levy is based on NICs and paid by employers, employees and the self-employed – including those working over the state pension age. To help ensure that everyone pays their fair share, we’ve also announced an equivalent increase in dividend tax rates."
"A Levy based on NICs is the best way to raise the funds needed across the UK – with those earning more paying more and larger businesses also contributing. The top 14% of taxpayers will pay around half the revenue, and most small businesses won’t be affected at all (40% of all businesses)."
A £12 billion average annual investment over the next three years means we'll:
- Invest the largest amount of any Government to upskill the social care workforce
- Tackle the backlog in the NHS
- Fund nurses a 3% pay rise
- Implement Dilnot solution to cap social care costs
More information here - www.gov.uk/government/news/record-36-billion-investment-to-reform-nhs-a…