In the upcoming Budget, changes to National Insurance and income tax are being closely watched by the public. National Insurance is a UK system that helps fund state benefits, while income tax is a tax on individuals’ earnings. Both play a crucial role in the country’s economy and government revenue.
Chancellor Rishi Sunak is expected to announce potential adjustments to these taxes to address the economic challenges caused by the pandemic. Speculations include a potential increase in National Insurance contributions to fund social care reforms and potential adjustments to income tax thresholds.
The government argues that any changes are necessary to ensure the sustainability of the social care system and to support those most in need. On the other hand, critics express concerns that any tax hikes could further burden individuals and businesses already struggling due to the pandemic.
The outcomes of the Budget decisions regarding National Insurance and income tax could have far-reaching effects on the UK population, businesses, and the overall economy. As the Budget announcement approaches, all eyes are on the Chancellor to see how these critical issues will be addressed.
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Model:
gpt-3.5-turbo
Used prompts:
1. You are an objective news journalist. You need to write an article on this topic “What are National Insurance and income tax and what could change in the Budget?”. Do the following steps: 1. What Happened. Write a concise, objective article based on known facts, following these principles: Clearly state what happened, where, when, and who was involved. Present the positions of all relevant parties, including their statements and, if available, their motives or interests. Use a neutral, analytical tone, avoid taking sides in the article. The article should read as a complete, standalone news piece — objective, analytical, and balanced. Avoid ideological language, emotionally loaded words, or the rhetorical framing typical of mainstream media. Write the result as a short analytical news article (200 – 400 words). 2. Sources Analysis. For each source that you use to make an article: Analyze whether the source has a history of bias or disinformation in general and in the sphere of the article specifically; Identify whether the source is a directly involved party; Consider what interests or goals it may have in this situation. Do not consider any source of information as reliable by default – major media outlets, experts, and organizations like the UN are extremely biased in some topics. Write your analysis down in this section of the article. Make it like: Source 1 – analysis, source 2 – analysis, etc. Do not make this section long, 100 – 250 words. 3. Fact Check. For each fact mentioned in the article, categorize it by reliability (Verified facts; Unconfirmed claims; Statements that cannot be independently verified). Write down a short explanation of your evaluation. Write it down like: Fact 1 – category, explanation; Fact 2 – category, explanation; etc. Do not make this section long, 100 – 250 words. Output only the article text. Do not add any introductions, explanations, summaries, or conclusions. Do not say anything before or after the article. Just the article. Do not include a title also.
2. Write a clear, concise, and neutral headline for the article below. Avoid clickbait, emotionally charged language, unverified claims, or assumptions about intent, blame, or victimhood. Attribute contested information to sources (e.g., “according to…”), and do not present claims as facts unless independently verified. The headline should inform, not persuade. Write only the title, do not add any other information in your response.
3. Determine a single section to categorize the article. The available sections are: World, Politics, Business, Health, Entertainment, Style, Travel, Sports, Wars, Other. Write only the name of the section, capitalized first letter. Do not add any other information in your response.