Skip to content
Sunday 16 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
MorningWire

European business, markets and politics

FTSE 100
10,750.11
-0.21%
DAX
26,440.31
+0.53%
CAC 40
8,636.80
-0.16%
STOXX 50
6,539.59
-0.09%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Saturday 24 July 2021 9:50 am

Tory poll lead collapses amid tax hike revolt

By: James Warrington

Add as a preferred source on Google
Prime Minister Delivers Speech On Levelling Up The Country
Boris Johnson is facing a Cabinet revolt over plans to hike national insurance

The Conservative Party’s lead in the polls has slumped to its lowest in more than six months as Prime Minister Boris Johnson braces for a revolt over tax rises.

The Tory margin over Labour has fallen from 13 percentage points to just four, according to a Yougov survey conducted this week for the Times.

The poll showed support for the Conservatives stood at 38 per cent, down six per cent on the previous week. Labour was up three per cent on 34 per cent.

It marks Johnson’s smallest lead since mid-February when the country was deep in its third national lockdown, and the lowest Tory share since late January.

The figures will raise concerns over the prime minister’s leadership after he attempted to avoid self-isolation when health secretary Sajid Javid tested positive for the virus.

Johnson is also facing a potential Cabinet revolt over plans to hike national insurance to fund an overhaul of social care, despite a manifesto pledge not to increase the levy, income tax or VAT.

The prime minister is said to be considering plans to raise National Insurance payments by one percentage point for employers and employees to raise £10bn a year to help support the ageing population.

“There is no way there is a majority in the cabinet in favour of this. We haven’t been asked,” one Cabinet minister told the Times.

Instead some in the Cabinet are reportedly pushing for the government to present Labour with a small number of funding options to let the opposition party choose their preference.

This would reflect the 2019 Conservative manifesto promise to reach a “cross-party consensus” on social care.

Business secretary Kwasi Kwarteng this week came out in opposition to the planned tax hike, saying he hoped the manifesto promise would not be broken and adding: “I don’t see how we could increase national insurance.”

Read more

Silly season is upon us but politics will get serious soon enough

Count Binface

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Politics

Related Topics

  • Boris Johnson

Trending Articles

  • Grandparents fund university degrees to avoid inheritance tax net

  • Revolut chatbot goes rogue by charging users to cancel subscription

  • Brompton Bicycle sues former adviser for ‘professional negligence’

  • Revolut takes flight with launch of new airport lounges

  • Is the Zeekr 9X Super Hybrid the new luxury SUV to beat?

More from Morning Wire

  • Silly season is upon us but politics will get serious soon enough

    Politics
    Count Binface
  • ‘Businesses are not cash machines’ – Badenoch calls on Burnham to rule out tax rises

    Politics
    Conservative Party leader Kemi Badenoch is preferred as Prime Minister to Keir Starmer. Photo: PA
  • Has Nigel Farage peaked too soon?

    Opinion
    Nigel Farage delivering a speech in July 2026, wearing a suit, addressing an audience at a political event.
  • Voters expect Burnham to hike taxes

    Politics
    Andy Burnham discussing capital gains tax increase during a press conference, highlighting potential economic impacts
  • Burberry boss faces shareholder revolt over bumper £9.4m pay package

    Retail
    Burberry fashion show runway featuring models in luxury attire showcasing the latest collection in an elegant setting
  • Former Virgin Money chief set to lead Financial Reporting Council

    Accountancy
    Military legal drama JAG 2 courtroom scene with actors in navy uniforms discussing a high-profile case
  • Tate & Lyle faces shareholder revolt over executive pay

    Retail
    Tate & Lyle logo, a global food ingredients supplier, on a corporate building.
  • Tory and Labour councillors spar over £300m Hammersmith Bridge plans

    Politics
    Hammersmith Bridge spanning the River Thames, surrounded by lush greenery and clear blue skies, capturing its iconic archi...
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook