Employer NI up by 1.2 to 15%. Threshold cut from £9100 pa to £5000. That is a £25bn tax rise, proportionally hitting harder those employing lower paid workers. Probably three quarters or so of the increase will flow through to lower pay.
@MarkUrban01 Very sorry that you are leaving NN and that it will change. I have grown up watching NN (am now 61) and have come to appreciate your style of incisive anchoring post @JeremyPaxman era. No doubt the rivals will be queuing up to book you. Whether it be TV or radio or both. Lucky u
NI CUT BY 2PP TO 10 PER CENT FROM JAN 6
- CX says will save someone on £35k over £450
- Bringing in Jan 6 “so people can see the benefit in their payslips at the start of the new year”