Ministers refuse to rule out hike to employer national insurance rate
The Chancellor and business secretary have again refused to rule out a hike employers’ National Insurance (NI) contributions in the upcoming Budget when speaking on the sidelines of the government’s investment summit today.
Speaking exclusively to City AM on the question of whether Labour would increase employers’ NI, Jonathan Reynolds stressed: “I think the manifesto commitments about the taxes on working people were absolutely clear.
“I think our commitments on corporation tax and the business taxation roadmap were absolutely clear.”
Labour has come under pressure in recent weeks to clarify its position on whether its manifesto commitment not to increase national insurance contributions paid by working people – the employee element – also applied to freezing the sum paid by employers.