Tag #National Insurance

thetimes.com
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UK Budget's Impact on Employment: Conflicting Signals

The October budget raised UK employers' national insurance contributions to 15 percent from 13.8 percent, lowering the threshold to £5,000 from £9,100, resulting in conflicting signals on employment; while some surveys suggest job losses, Bank of England data shows businesses expect increased hiring...

Progress

40% Bias Score

Decent Work and Economic Growth
bbc.com
🌐 75% Global Worthiness
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National Insurance Hike Cripples Northern Ireland's Voluntary Sector

Northern Ireland's voluntary sector faces financial ruin from a £20 billion annual increase in employers' National Insurance contributions, potentially causing widespread job losses and service cuts, impacting 55,000 employees and 7% of the workforce, with one organization anticipating £500,000 in e...

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52% Bias Score

No Poverty
bbc.com
🌐 85% Global Worthiness
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Mencap to Cut Services Due to Funding Crisis

Facing a £18 million annual cost increase due to National Insurance and minimum wage rises, Mencap, a leading UK charity supporting people with learning disabilities, may stop at least 60 services impacting 200 individuals and 400 employees.

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36% Bias Score

No Poverty
dailymail.co.uk
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UK Job Vacancies Plunge Amidst Autumn Budget Fallout

UK job vacancies plummeted in November 2023, falling to a 43.9 index reading (below 50 signals contraction) due to the Autumn Budget's increase in the National Minimum Wage and employer National Insurance contributions, impacting hiring decisions across various sectors.

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56% Bias Score

Decent Work and Economic Growth
thetimes.com
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Labour's Third U-Turn on Care Cost Cap Highlights Systemic Policy Failures

Labour's recent U-turn on a proposed cap on care costs, for the third time since 2011, highlights systemic issues with social care policy in the UK, despite the relatively low cost of the scheme (£5 billion annually) compared to national health spending (£200 billion annually).

Progress

48% Bias Score

Reduced Inequality
dailymail.co.uk
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Currys Warns of Price Rises After Labour's National Insurance Hike

Currys predicts £32 million in extra costs from Labour's National Insurance hike and other policy changes, which will likely result in price increases for electrical goods and reduced company investment.

Progress

40% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 75% Global Worthiness
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Labour's Budget Triggers Hiring Freeze, Economic Uncertainty

Labour's £25 billion employer national insurance hike has prompted businesses to freeze hiring, causing economic stagnation and impacting household confidence, particularly in the housing market where rising mortgage rates add further strain.

Progress

52% Bias Score

Decent Work and Economic Growth
bbc.com
🌐 85% Global Worthiness
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£75 Million Tax Hike Threatens Scottish Charities

The UK government's planned increase in employer National Insurance contributions will cost Scottish charities an estimated £75 million, potentially forcing service cuts and job losses across hospices, homelessness organizations, and social care providers, who warn of turning away patients and clien...

Progress

48% Bias Score