Sky News published this video item, entitled “Sky News Breakfast: Kay Burley questions the Chancellor about the National Insurance rise” – below is their description.
On the Sky Breakfast menu for Thursday, October 28th:
– Chancellor Rishi Sunak defends his Universal Credit tax hike and eating meat in a discussion with Kay Burley about the autumn budget.
– The Duchess of Cornwall urges men to help prevent sexual violence against women
– The latest British motorsport world champion, Jamie Chadwick, talks about winning the prestigious W Series for the second time.
Sky News 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.