Labour Warned Over Potential National Insurance Hike
Labour Warned Over Potential National Insurance Hike
A potential rise in employer national insurance contributions could hurt businesses and limit pay rises, experts warn.
- British employers are concerned about a possible increase in employer national insurance contributions.
- The potential hike is part of Labour's plans to fill a £22bn hole in the public finances.
- The hospitality sector, where staffing costs are the biggest business expense, would be particularly affected.
- Labour's manifesto promised not to raise taxes on working people.
- The Institute for Fiscal Studies says such a move would breach the manifesto.
- The Confederation of British Industry and the British Chambers of Commerce also oppose the potential increase.