Business groups raise concerns over potential NI rise

The UK's business groups have voiced concerns over a potential rise in employer National Insurance contributions (NICs) in the Autumn Budget.

18 Oct 2024

The UK's business groups have voiced concerns over a potential rise in employer National Insurance contributions (NICs) in the Autumn Budget.

Rain Newton-Smith, Chief Executive of the Confederation of British Industry, said that a rise in NICs would prove to be a 'difficult move' for employers, and would 'increase the cost of taking someone on'.

Meanwhile, Alex Veitch, Director of Policy at the British Chambers of Commerce (BCC), stated that raising employer NICs at the Budget on 30 October would 'hobble growth and lead to businesses having less money to invest in their staff'.

Kate Nicholls, Chief Executive of UKHospitality, warned that any rise in NICs would 'particularly hammer sectors like hospitality, where staffing costs are the biggest business expense'.

Prime Minister Keir Starmer and Chancellor Rachel Reeves have refused to rule out a rise in employer NICs in the Budget, as part of plans to plug what the government says is a £22 billion hole in the public finances left by the previous administration.

Mini site map
Home Contact us Accessibility Disclaimer Privacy Help Search
Contact Details

Address: 78 Carlton Road, Worksop, Nottinghamshire S80 1PH .

Call us: 01909 472310

Send an email: john@johnharrison.co.uk

Company Information
John Harrison & Company is the trading name of John Harrison (Worksop) Limited,
Registered in England : Company Number : 03265305
78 Carlton Rd, Worksop, Nottinghamshire S80 1PH
School Supplier Banner
© 2025 John Harrison & Company. All rights reserved. We use cookies on this website, you can find more information about cookies here.