UK government considers raising Employer NICs, potentially affecting business costs and job market.
The UK government is considering raising Employer National Insurance Contributions (NICs), potentially imposing fees on pension scheme contributions. This could generate £17 billion annually but may lead to increased business costs, potentially resulting in job cuts or wage reductions. The change could also affect salary sacrifice schemes and influence inflation and wage growth in the UK amid a backdrop of 95,000 job vacancies.
October 15, 2024
59 Articles