National Insurance rise would hit job creation, firms warn

Published On Oct 15, 2024, 5:51 AM

The article discusses concerns from UK business groups regarding a potential increase in National Insurance contributions for employers, which could hinder job creation and economic growth, especially in the hospitality sector. Business leaders argue that this move would raise hiring costs and stifle investment in staffing at a time when many companies are already facing pressures from previous rises in the National Living Wage. Labour's leadership suggests that their upcoming budget might include tax increases as they address a significant deficit, leading to concerns that their pro-business stance might conflict with new tax measurements that could burden small businesses.