To remove the Upper Earnings Limit in employee National Insurance contributions which, at the moment means that those on £50,000 pa pay only 2% employee NI on their income above that level.
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Abolishing the Upper Earnings Limit should increase National Insurance revenue by billions of pounds a year.
Today, someone earning £1 million pays, in effect, 2,4% of gross income on employer NI, whilst someone on £25k pays 7.4%, on £50k 9.7%. An MP pays 6.7% on basic MP salary.
Abolition of the UEL would make contributions more equitable, ensure improved funding the NI system on a sustained basis, and reflect ability to pay.