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UK lawmakers approve NICs hike for employers, set to start April 2025, amid economic impact concerns.
The UK House of Commons has approved a bill to increase employers' National Insurance Contributions (NICs) starting April 6, 2025, aiming to raise £25.7 billion annually.
However, the Office for Budget Responsibility predicts actual revenue will be around £16.1 billion by 2029/30, as businesses may reduce wages, hours, and profits.
Critics argue the tax hike will lead to lower wages, fewer jobs, and slower economic growth.
The bill will face further scrutiny.
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Los legisladores del Reino Unido aprueban el aumento de los NIC para los empleadores, que comenzará en abril de 2025, en medio de preocupaciones de impacto económico.