Labour has just released a new “bombshell” dossier arguing that, by making noises about scrapping National Insurance, the Tories are wiping out revenue “earmarked for the state pension and NHS.” At PMQs Starmer suggested Sunak would either cut the state pension or NHS spending. A basic misunderstanding of how NI works.

National Insurance “contributions” are a myth. The tax is not hypothecated at all. You are not contributing to a fund to get benefits in return. State pensions, benefits, and the NHS are all paid for by general taxation. Labour’s leader is peddling untruths. It’s no wonder Starmer wants NI kept high –  Labour’s favourite think tanks want the limited tax extended to all other sources of income rather than just employment. A tax grab that would scour even more cash from the public…

Read the full sham “dossier” below: