Employers' Contributions: Employment and Pay
Commons · Question 17784 · Tabled 4 Dec 2024 · Treasury · Official record
Answered 12 Dec 2024
Question
Asked by Damian Hinds
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of increases to employer National Insurance contributions at the Autumn Budget 2024 on (a) employment levels and (b) wages for (i) lower-paid and (ii) higher-paid
Answer
Answered by James Murray, 12 Dec 2024
The Office for Budget Responsibility’s October 2024 Economic and Fiscal Outlook expects that the Employer National Insurance Contributions package will lead to a reduction in the participation rate of 0.1 per cent from 2025-26 onwards. Overall, once the i...