Starmer Refuses to Rule Out National Insurance Hike for Employers in Budget

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Labour's manifesto pledge not to raise national insurance on working people has left many wondering if employer contributions will be affected in the upcoming budget.
Business secretary Jonathan Reynolds has hinted that the pledge may not apply to employers' national insurance contributions (NICs),
Keir Starmer has refused to rule out raising NICs for employers in the budget,
Mel Stride, shadow work and pensions secretary, has said it would be an 'absurdity' for Labour to argue that raising employers' NICs was not a breach of their manifesto commitments,
The government has claimed there is a £22bn black hole in public finances that needs to be filled.

Will Labour raise employers' national insurance contributions in the budget?

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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.

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