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Reeves under fire for national insurance plans
National Insurance fears spark business backlash
Business groups hit out after the chancellor signals she will raise the amount employers pay in National Insurance.
Budget 2024 – latest: Reeves under fire for national insurance plans as tax rises still to come
In their manifesto, Labour pledged not to increase “taxes on working people,” ruling out changes to national insurance contributions (NICs), income tax or VAT. This has given them “little room for manoeuvre” says Institute for Fiscal Studies director Paul Johnson, as the top three sources of Treasury revenue are sealed off.
Reeves aims to close £40bn funding gap as she plans tax rises in Budget
UK chancellor Rachel Reeves has identified a £40bn funding gap ahead of her Budget in two weeks — far more than previously expected — as she prepares big tax rises to patch up the NHS. The figure represents the funding that Reeves needs to protect key government departments from real-terms spending cuts,
Reeves signals hike in National Insurance for firms
The chancellor was speaking at the government's International Investment Summit, where deals worth £63bn were hailed.
Fact check: Would raising employer national insurance be a ‘tax on working people’?
The tax expert adds that in the extreme case that an increase of one pence per pound in employer NICs was passed on to employees in the form of lower wages, the measure would only net £4.5 billion a year. He adds that the end figure would probably be a little higher than this, but much less than a previous HMRC estimate of £8.5 billion.
Rachel Reeves 'rolling pitch for big tax rises' in Budget with £40billion plan briefing, says top economist
He believes part of the £40billion will be smaller rises in spending in some parts of the public sector. But this would still leave the Treasury having to find a hefty chunk of t
Reeves eyes up to £40bn in tax rises and spending cuts in Budget
The Chancellor told ministers on Monday that plans to fill a £22 billion black hole would be enough only to ‘keep public services standing still’.
2d
on MSN
National Insurance raid will be a disaster – and even the Chancellor knows it
Constant speculation over the contents in the media, and long nights in the Treasury working on the major measures.So, with ...
1d
on MSN
When it comes to national insurance, the government is pulling a fast one
One of the many problems the government has got itself into over tax rises that may or may not appear in the upcoming Budget ...
2d
More than half of voters think National Insurance hike would be a ‘tax on working people’, exclusive poll reveals
MORE than half of voters believe an increase in employers paying more National Insurance would be a “tax on working people”, ...
Opinion
2h
Opinion
I’m a Tampa Bay insurance agent. Here’s what hurricanes Helene and Milton taught me | Column
What a two weeks to be an insurance agent in the Tampa Bay area. We all know about hurricane risks, but when storms wallop ...
2d
Warning National Insurance rise could hit jobs
For example, employers could restrict wage rises, meaning employees would pay less on their individual National Insurance ...
11h
Auto insurance rates are soaring. Here’s what you can do about it.
The cost of insurance has increased by almost 38 percent since the beginning of 2022, more than double the overall rate of ...
1d
on MSN
Would a national insurance hike for your employer cost YOU money?
Experts warn a Budget rise in the employer national insurance rate could have a knock-on impact for employees. We explain ...
2d
What could an increase in employer national insurance mean for businesses?
Here, the PA news agency looks at what national insurance is and what an increase could mean for businesses and the economy.
10h
on MSN
Martin Lewis urges people who pay National Insurance to spend £825 now
Mr Lewis has shared how forking out and parting with the sum could leave you as much as £5,400 better off amid the Cost of ...
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