Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the potential effect of the proposed increase in the rate of National Insurance on living standards in Newport West constituency.

The Government has made several assessments of the overall impact of the introduction of the Health and Social Care Levy, which were published alongside the announcement. These include the distributional analysis of the impact of the combined tax and spending announcements, a technical annex in the Government’s plan for health and social care, and a Tax Information and Impact Note.

The Office for Budget Responsibility set out their assessment of the economic effects of the Levy, including the impact on labour supply and wages, in their latest Economic and Fiscal Outlook. This can be found here: https://obr.uk/efo/economic-and-fiscal-outlook-october-2021/