Rachel Reeves has been warned that hiking employer national insurance contributions would be “a straightforward breach” of the Labour manifesto. The chancellor has been told by Paul Johnson, director of the influential Institute for Fiscal Studies (IFS), that the party said “very clearly” it would not make the change.
Speculation has mounted that Ms Reeves is laying the groundwork to hike employer national insurance contributions while keeping the levy on employees unchanged. Currently employees pay the charge at 8 per cent of their earnings above £12,500, while employers pay a flat rate of 13.8 per cent.
This story is from the October 15, 2024 edition of The Independent.
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This story is from the October 15, 2024 edition of The Independent.
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