UK Treasury gives Scotland £300M to offset national insurance tax hike costs, boosting budget.

The UK Treasury will provide Scotland with £300 million to offset the costs of a recent national insurance tax hike, which is part of a larger budget increase. This compensation addresses additional expenses for public sector employers but has sparked debate about the lack of similar support for private sector employers. The move is seen as a significant boost to Scotland's budget, adding over £5 billion in total funding.

November 25, 2024
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