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'Grave concerns' over national insurance hike impact in Wales

The article from the Cambrian News discusses the concerns raised by Welsh politicians regarding the UK Government's decision to increase National Insurance contributions by 1.25 percentage points to fund health and social care. This hike, set to begin in April, has sparked worries about its impact on Welsh businesses and individuals, particularly in the context of the ongoing economic recovery from the Covid-19 pandemic. Critics argue that this increase could exacerbate financial pressures on both employers and employees, potentially stifling economic growth. There's also contention over the lack of devolved powers to Wales in managing these funds, with Welsh politicians like Adam Price of Plaid Cymru and Rhun ap Iorwerth expressing frustration over the centralization of decision-making in Westminster. They highlight the need for a more equitable distribution of funds and decision-making power, especially given Wales' specific health and social care needs.

Read the Full Cambrian News Article at [ https://www.cambrian-news.co.uk/news/politics/grave-concerns-over-national-insurance-hike-impact-in-wales-743090 ]