From: "Andy Pandy" 
Newsgroups: uk.politics.misc uk.finance
Subject: Re: Gordon Brown shows his contempt for British workers again
Date: Sun, 27 Nov 2005 11:08:17 -0000


"Tim"  wrote in message
news:dmafp9$kl1$1@nwrdmz01.dmz.ncs.ea.ibs-infra.bt.com...
> "Andy Pandy" wrote
> > ... I can see it being very tempting for the govt ...
>
> Of course - instead of the govt raising the money to pay for the extra
> benefits from taxation, they'll raise the money by ... ermmmm ... taxation,
> but just call it NI.
> [The money raised from the tax we call NI - which used to fund SERPS/S2P -
> will begin to fund the new basic pension instead.]
>
> What they should really do is "rename" NI, and tell us what it really is -
> TAX!

Well in recent decades that's (almost) exactly what it has been. It bears far
more relation to a tax than to an "insurance".

--
Andy