Quote:
Originally Posted by Chris
You are totally wide of the mark here. NI is not ring-fenced. When it is collected, it is nominally held separately from other Treasury income but in practice that's just a paper exercise. The proceeds of NI are, and have always been, allocated across government spending according to the will of the government of the day, and benefits, even contributions-based ones, are paid out of current tax receipts regardless of whether enough NI is being collected to pay for it all.
|
Has it always been, since day one?