Employers' national insurance rise is bigger than predicted as chancellor seeks to raise £40bn in taxes
Wednesday, 30 October 2024 The budget will increase taxes by £40bn, with the lion's share coming from a £25bn rise in employers' national insurance contributions, the chancellor has announced at the budget.
Chancellor Rachel Reeves announced a 1.2 percentage point rise in employers’ national insurance contributions to 15%, effective from April 2025. Calling it “the right choice,” she said that there is a need for “difficult decisions” to fund public services and stabilise the economy. Report...
Keir Starmer is pressed on whether his commitment not to raise national insurance will apply to both employer and employee contributions.
The prime minister reiterated his party's pledge to not..
Wednesday, 30 October 2024
![PM pressed on possible National Insurance rises [Video]](https://video.newsserve.net/300/v/20241009/1389829958-PM-pressed-on-possible-National-Insurance-rises.jpg)
