What could an increase in employer national insurance mean for businesses?
2 months, 1 week ago

What could an increase in employer national insurance mean for businesses?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Ms Reeves and Sir Keir Starmer have declined to rule out increasing employers’ national insurance contributions, stressing instead that Labour has promised not to raise taxes on “working people”. If these were to increase it could lead to businesses restricting new hires, limiting pay rises or scaling back pension payments Rob Morgan, Charles Stanleu – What could it mean for businesses? Experts have cautioned that any increase in national insurance would mean higher costs for businesses, which could impact their staff and customers. “If these were to increase it could lead to businesses restricting new hires, limiting pay rises or scaling back pension payments.

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History of this topic

UK's unemployment rate notches up
1 month, 1 week ago

UK's unemployment rate notches up

China Daily  

Workers cross London Bridge, with the City of London financial district seen behind, during the morning rush-hour in London, Britain, Jan 4, 2022. "These figures come against a backdrop of rising concern about spiraling employment costs, which are set to increase following last month's national insurance contributions rise, the employment rights bill, and the latest increase in the national living …

Budget tax hikes will be ‘devastating’ for charities, body warns
1 month, 3 weeks ago

Budget tax hikes will be ‘devastating’ for charities, body warns

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Charities which are “already in …

US employers rethink plans for UK after Reeves’s £25bn jobs tax
1 month, 3 weeks ago

US employers rethink plans for UK after Reeves’s £25bn jobs tax

The Telegraph  

American bosses are reconsidering their UK investment plans after Rachel Reeves launched a £25bn tax raid on employers, a transatlantic trade body has warned. Duncan Edwards, the chief executive of British American Business, said the Chancellor’s move to increase National Insurance costs had made the UK “less attractive”. “For the UK leaders of American-owned companies looking to get more investment …

The devastated business owners left in tears by Labour's Budget: Hairdresser breaks down on live TV as IFS warns National Insurance hike will hit low-paid jobs hardest and force firms to cut salaries,
1 month, 3 weeks ago

The devastated business owners left in tears by Labour's Budget: Hairdresser breaks down on live TV as IFS warns National Insurance hike will hit low-paid jobs hardest and force firms to cut salaries,

Daily Mail  

This video is no longer available This video is no longer available An entrepreneur has broken down on live television over the hike in National Insurance which businesses say will force them to cut jobs, reduce salaries and put up prices. Entrepreneur Toby Dicker has broken down on live television over the hike in National Insurance which businesses say will …

Employers warn of crisis as Reeves increases NI contributions
1 month, 3 weeks ago

Employers warn of crisis as Reeves increases NI contributions

The Telegraph  

Corporate Britain has sounded a warning about hiring freezes and pay cuts after emerging as the biggest loser of a £40bn tax raid. Pubs, restaurants and cafes, which rely on part-time staff, could see their tax bills rise by a collective £1bn as a result of the changes, UKHospitality warned, as firms will have to start paying National Insurance Contributions …

Employer national insurance hike to slow hiring and wage growth, critics say
1 month, 3 weeks ago

Employer national insurance hike to slow hiring and wage growth, critics say

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Chancellor has admitted that …

Employers National insurance: How will the Budget tax rise affect you?
1 month, 3 weeks ago

Employers National insurance: How will the Budget tax rise affect you?

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Rachel Reeves has …

Private schools warn sector could ‘fall apart’ if hit by national insurance and VAT tax blow
1 month, 3 weeks ago

Private schools warn sector could ‘fall apart’ if hit by national insurance and VAT tax blow

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, …

Rachel Reeves 'plans to hike employers' National Insurance by up to two percentage points in Budget to raise £20bn for public services'
1 month, 4 weeks ago

Rachel Reeves 'plans to hike employers' National Insurance by up to two percentage points in Budget to raise £20bn for public services'

Daily Mail  

Rachel Reeves is set to increase employers' national insurance contributions by up to two percentage points to collect billions to help fund the NHS. The changes to employers' national insurance contributions are set to be the single largest revenue raiser of next week's Budget. Rachel Reeves is set to increase employers' national insurance by up to two percentage points to …

Reeves set to increase employers’ national insurance contributions
1 month, 4 weeks ago

Reeves set to increase employers’ national insurance contributions

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Rachel Reeves is …

Reeves insists National Insurance increase won’t break manifesto pledge
2 months, 1 week ago

Reeves insists National Insurance increase won’t break manifesto pledge

The Telegraph  

The Chancellor has insisted that increasing employers’ National Insurance contributions in the Budget won’t break Labour’s promise to protect working people from tax rises. She insisted that a manifesto pledge not to increase income tax, National Insurance or VAT only applied to “working people”, and not the companies that employed them. The Chancellor refused to rule out an increase in …

National insurance increase: What the new tax rise means for you
2 years, 8 months ago

National insurance increase: What the new tax rise means for you

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. What I’m telling people is, if you want to fund our fantastic NHS, we …

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