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Autumn Budget 24: Labour hikes employers' National Insurance by 1.2%
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Labour has moved forwards with an employers' NI hike of 1.2% in the Autumn Budget to 15%, with the threshold lowered and changes to employment allowance. The threshold at which employers pay NI will drop from £9,100 a year to £5,000. «I know that this is a difficult choice. I do not take this decision lightly,» Reeves said. «We are asking businesses to contribute more, and I know that there will be impacts of this measure felt beyond businesses too, as the OBR has set out today.» The employment allowance will increase from £5,000 to £10,500. The chancellor said this should mean 865,00...
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