Johnson Wins Health Care Vote to Push U.K. Taxes to Highest Ever

U.K.'s Boris Johnson Announces $17 Billion Tax Hike
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U.K. Prime Minister Boris Johnson won a mandate from the House of Commons to raise taxes to the highest level on record to fund health and social care.

The result allows the prime minister to levy a new 1.25% tax on working Britons and their employers, as well as adding an extra 1.25% to dividend tax. The revenue is earmarked to pay for a post-pandemic catchup program in the National Health Service and to overhaul the country’s struggling social care system. It comes just a day after the plans were unveiled in Parliament.