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<p>The Government is committed to responsible management of the public finances. That
is why we have taken the tough but responsible decision to increase taxes in order
to fund a significant increase in permanent spending on the NHS and social care.</p><p>A
levy charged on the National Insurance contributions base is the fairest way to raise
the funds needed to support health and social care. The highest earning 15 per cent
will pay over half the revenue raised from the Levy and 6.1 million people earning
below the Primary Threshold (equivalent to £9,880 in 2022-23) will not pay the Levy.</p><p>The
Government is providing support worth around £12 billion this financial year and next
to help families with the cost of living. We are cutting the Universal Credit taper
to make sure work pays, freezing alcohol and fuel duties to keep costs down, and providing
support to help households with the costs of essentials.</p><p>In addition, the Plan
for Jobs is helping people get into work and gain the skills they need to progress
– the best approach to managing the cost of living in the long term.</p>
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