Despite propelling the tax burden to its highest peacetime level – through a combination of next April’s national insurance contributions (NICs) increase and a sharp rise in corporation tax due to take effect in 2023 – the chancellor painted himself as the champion of low taxes. 2021 October 27, Heather Stewart, “Johnsonism wins budget battle but will Sunakism win the war?”, in The Guardian:
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NICs
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NIC en · PROPN
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(abbreviation, acronym, alt-of) Acronym of Nursing Interventions Classification.