
This post is by Tim Hewish, my Parliamentary Assistant. A number of Steve’s constituents have written to him regarding the National Insurance Fund (NIF). The Fund was flagged in the media when it lost £4.5bn back in March which is the first time since 1993 that it had decreased. This was largely attributable to an increase in benefit payments and a reduction in National Insurance contributions. The argument being advocated by a select number of pension lobby groups is that the NIF […]
Tags: APPG, debt, economics, National Insurance, UK