UK businesses face a big tax hike. So what does it mean for workers and the economy?
By Phil Tomlinson, Professor of Industrial Strategy, Co-Director Centre for Governance, Regulation and Industrial Strategy (CGR&IS), University of Bath
David Bailey, Professor of Business Economics, University of Birmingham
Employers in the UK are about to be hit with a hefty tax rise. From April 1 2025, their national insurance contributions are rising to 15% on salaries above £5,000, instead of 13.8% on salaries above £9,100.
Unsurprisingly, business owners are not happy. Since the change was announced last autumn, many have complained about the effect it will have on their ability to invest and hire staff. Care homes, supermarkets…
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Thursday, March 20, 2025