
Boris Johnson will break his manifesto pledge not to increase National Insurance in order to pay for social care in England, under plans that are the subject of fraught and ongoing negotiations between Downing Street and the Treasury. The Telegraph’s Ben Riley-Smith has the inside scoop: Downing Street wants a 1 per cent increase (because then they would only be putting up National Insurance by the same amount as Tony Blair back in 2002) while the Treasury wants 1.25 per cent (because that would raise more money).
Any tax rise would be politically fraught because of that manifesto promise to leave National Insurance, value-added tax and income tax flat or falling, but while it would cause a lot of gnashing of teeth in parts of the Conservative Party and press, there is no serious prospect of it failing to pass the House of Commons.