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National insurance is 'unfair' and 'unnecessarily complicated' - Rishi Sunak

National insurance is 'unfair' and 'unnecessarily complicated' - Rishi Sunak

Assessment

Interactive Video

Business

University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

The video discusses the decision to cut National Insurance, highlighting it as a tax on work that creates unfairness by taxing income twice. The speaker aims to simplify the tax system and remove this unfairness. The plan includes delivering tax cuts and working towards long-term goals in the next parliament.

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main reason given for cutting National Insurance?

To increase government revenue

To encourage more people to work

To simplify the tax system

To reduce public spending

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the current issue with the tax system as mentioned in the video?

It is too lenient on corporations

It taxes only the wealthy

It does not fund public services

It taxes individuals twice for working

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the current tax system complicate taxation?

By not taxing enough

By having too many tax brackets

By taxing the same income twice

By having multiple tax rates

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the ultimate goal regarding the unfairness in taxation?

To decrease income tax

To introduce more taxes

To remove the unfairness entirely

To increase National Insurance

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the plan for the next parliament regarding tax cuts?

To increase taxes

To maintain the current tax system

To make progress towards removing double taxation

To introduce new taxes

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