National Insurance

  • Welfare in the 21st Century: From Hand Down to Hand Up

    Welfare in the 21st Century: From Hand Down to Hand Up

    The total welfare bill in the UK, has risen from approximately £100 billion in the early noughties, to £333.6 billion in 2025-26, a more than a threefold increase in just over twenty years, It now comprises 10% of our total GDP. It is expected to hit £400 billion by the end of the decade, according to a recent report by the Centre for Policy Studies. This unsustainable growth in welfare spending needs tackling. In this article, I am going to advocate a welfare system which is simpler, fairer and ensures that working pays better than welfare dependency. Simplification Currently there…

  • Time for a Liberal Approach to Fiscal Policy

    Time for a Liberal Approach to Fiscal Policy

    Fiscal policy in the UK needs a massive overhaul and indeed a fresh pair of eyes – a liberal, specifically Keynesian approach, would I believe, be a successful approach to treating the ills of the decaying UK economy. Taxation in the UK has become synonymous with overcomplexity and opaqueness: it’s time for a rethink. The British tax code is an incredible 24,000 pages long. To put that into perspective, Hong Kong’s is a mere 350 pages. Ironically, the complexity of the UK Tax Code appeals to the very rich, who can afford to employ advisers who help them to exploit…

  • A Plan for Young People

    A Plan for Young People

    Owen Driscoll avatar

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    2 comments on A Plan for Young People

    In this I want to propose an approach to two issues – youth unemployment and pensions for younger people. Youth unemployment has recently hit the news. As of the final quarter of 2025, the unemployment rate for 16-24-year-olds stands at 16.1%, the highest in a decade and now exceeding the EU average of 14.7%. Total UK unemployment is at 5.2%, a five-year high, but young people are disproportionately affected, with entry-level hiring stalling amid higher payroll costs from the 2025 National Insurance (NI) hike to 15% and minimum wage increases. Meanwhile given the UK’s declining birth rate, England and Wales…