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Reeves under fire for national insurance plans
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.
National Insurance fears spark business backlash
Business groups hit out after the chancellor signals she will raise the amount employers pay in National Insurance.
Politics latest: Chancellor 'needs to find £40bn' in budget - as stark warning issued over national insurance rise
Treasury minister James Murray has been quizzed on Sky News over whether the government will raise national insurance on employers in the Budget. Councils will receive £68m to help build thousands of homes on disused brownfield sites.
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.
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,
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’.
27m
on MSN
Exclusive: Only One-Third Of Voters Oppose Hike In Bosses' National Insurance
Just one in three voters would oppose a hike in the rate of employers’ National Insurance in the Budget, HuffPost UK can ...
Personnel Today
2h
Employers’ national insurance: will it go up and when?
What would be the implications of an increase in National Insurance contributions, which some have predicted is likely in the ...
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”, ...
42m
on MSN
New National Insurance rules for workers could result in bosses 'refusing'
Chancellor Rachel Reeves's rumoured hike to National Insurance could result in bosses "refusing to increase pension ...
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 ...
1d
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
What’s the average cost of homeowners insurance?
The average cost for homeowners insurance across the U.S. is $1,251 per year, or $104.25 per month, according to National ...
2d
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 ...
Opinion
17h
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 ...
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