The Government has announced a new 1.25 percent National Insurance levy, to clear the NHS backlog and fund social care. However, the move has sparked fury from more Thatcherite Conservatives, who argue it will hamper Britain’s Covid recovery.

       Robin Birley, a former Tory and UKIP donor, said he wouldn’t be giving the Tories any more money.

       He commented: “As an ardent Brexiteer and an ardent supporter of Boris, I’m a concerned and very, very disappointed man.

       “I don’t see this government as particularly pro-business. I’m terribly depressed about the whole situation.

       “We stand alone, with a huge debt, outside the EU, which I was passionately pro-leaving. But we’re not taking the advantages up."

       He concluded in his interview with The Times: “I don’t see where the deregulation is taking place. You need an entrepreneurial nation, and we’re not going in that direction at all.”

       Under Mr Johnson’s plans, the amount any individual pays for social care before the state steps in will be capped at ￡86,000.

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       In March Chancellor Rishi Sunak announced a major corporation tax rise, from 19 to 25 percent.

       Crispin Odey, who has given over ￡350,000 to the Conservative Party and more to pro-Brexit groups, was similarly damning stating: “Covid set governments free.

       “They suddenly found out they could spend any amount of money, and this government couldn’t have a better person in charge of spending money than Boris. They’ve got the ideal drunken captain.

       “We know the direction of travel, and the answer is that behind this lie more spending and more tax rises.”

       As a result of Mr Johnson’s National Insurance rise, the UK’s tax burden will rise to its highest level in 70 years.

       The House of Commons approved the Government’s National Insurance plans, by 319 voted to 248.

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