Employers' National Insurance Hike To Raise £20Bn

[naomi24]

//The chancellor is set to increase the National Insurance rate for employers to boost funding for public services including the NHS.

Rachel Reeves is also expected to use Wednesday's Budget to lower the threshold for when employers start paying the tax - with the two measures combined to raise about £20bn.//

 

https://www.bbc.co.uk/news/articles/c9wrkngvyx4o

 

 

Cue job losses and a reluctance to invest.  Clever!

[Old_Geezer]

And after claiming they weren't going to, too. I mean before the garbage excuses of, "No we meant this, not that".

[douglas9401]

One cannot lay misinformation solely at the feet of Labour, they're no better or worse than any other party when it come to laying it all out.

Remember there are many, many lawyers in politics these days and telling the truth is a foreign country to them.

[newmodarmy]

It'll only put pressure on costs and jobs in the private sector. The public sector will not be affected. As the Independent says:

"The burden will fall entirely on the private sector, with public sector employers such as the NHS and Government departments reimbursed by the Treasury. The current national insurance rate paid by employers is 13.8 per cent. Ms Reeves is set to increase this between one and two percentage points,"

[naomi24]

//One cannot lay misinformation solely at the feet of Labour//

 

We'll find out this week if it's misinformation - and I don't see anyone other than Labour doing it.

[naomi24]

//It'll only put pressure on costs and jobs in the private sector.//

 

Only .... 

[douglas9401]

Big sigh.