GBNews published this video item, entitled “National Insurance rise is ‘disappointing’ says Dehenna Davison” – below is their description.
‘It’s disappointing… I thought we had a real chance of getting the Prime Minister and the Chancellor to change their minds on this’
Conservative MP and GB News presenter Dehenna Davison discusses the National Insurance rise.
Watch GB News on Freeview 236, Sky HD 515, Virgin Media HD 626, YouView 236 and Freesat HD 216.GBNews YouTube Channel
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In This Story: National Insurance
National Insurance (NI) is a fundamental component of the welfare state in the United Kingdom. It acts as a form of social security, since payment of NI contributions establishes entitlement to certain state benefits for workers and their families.
Introduced by the National Insurance Act 1911 and expanded by in 1948, the system has been subjected to numerous amendments in succeeding years. Initially, it was a contributory form of insurance against illness and unemployment, as well as eventually provided retirement pensions and other benefits.
Weekly income and some lump-sum benefits are provided for participants upon death, retirement, unemployment, maternity and disability. In order to obtain the benefits which are related to the contributions, a National Insurance number is necessary.