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National Insurance

  • Budget tax rises will ‘dampen hiring’ as jobs market remains muted

    November 8, 2024

    The latest report on jobs from KPMG and the Recruitment and Employment Confederation (REC) showed that the number of staff appointments in October fell to its lowest level since March.

  • Serco: FTSE 250 firm predicts £20m hit from Budget tax changes

    November 8, 2024

    British outsourcing giant Serco stressed the tax changes in the UK following the Budget will increase cost by £20m per year

  • Salon chain owner breaks down over National Insurance rise

    October 31, 2024

    The owner of a chain of salons broke down on Sky News on Thursday when talking through how some of the measures introduced in the Budget will affect small businesses like his.

  • Let’s be honest… this Budget is austerity for the private sector

    October 30, 2024

    Rachel Reeves has introduced a new kind of Marxism with this Budget, where private industry foots the bill for an expanding public sector, and the poorest don’t get better off, says Mattew Lesh Just two months ago, in a speech delivered inside Downing Street, Keir Starmer declared that growth and wealth creation were his government’s [...]

  • The Notebook: Say it however you like, a National Insurance hike is a tax on jobs

    October 30, 2024

    Job vacancies are already in decline. Raising National Insurance contributions are no way to help the economy, writes Reed CEO James Reed.

  • Sir Martin Sorrell: Tax hikes risk hurting UK productivity

    October 29, 2024

    The government’s potential tax hikes and changes to investment relief could drive capital abroad, discourage hiring and stymie productivity, former WPP chief Sir Martin Sorrell has warned ahead of tomorrow’s Autumn Statement.

  • London jobs market hit hard due to ‘frenzy of Budget speculation’

    October 29, 2024

    Muniya Barua, deputy chief executive at BusinessLDN, said that the "frenzy of Budget speculation" was weighing on employers' hiring intentions.

  • Labour’s national insurance hike could cost workers hundreds

    October 28, 2024

    HMRC's projections suggest that a two percentage point hike to employers' national insurance would raise £18bn.

  • Autumn Budget 2024: Working people debate a ‘terrible illusion’, former Bank of England governor says

    October 27, 2024

    Chancellor Rachel Reeves is set to increase taxes significantly in Wednesday's Budget, with reports indicating that she will raise £20bn by hiking employers' national insurance.

  • Starmer: People who receive income from shares aren’t working people

    October 25, 2024

    Sir Keir Starmer has said that people who get additional income from shares or other assets do not count as 'working people'.

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