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National Insurance dropped back in April by 2%. This was, frankly, bloody stupid and an act of economic vandalism, as the Tories well knew. They couldn't afford to do it, but they weren't going to have to deal with the consequences.
It's then rising by (a) adding 1.2% to the Employer's contribution and (b) reducing the point at which employer's pay it from £9,100 to £5,000 (while making other changes to help small employers with it).
The net result of this is...basically nothing. They've increased NI back to where it was in March of this year.
Sticking on the employer has been done because they promised they wouldn't do it on employees. But that doesn't really make much difference in the long run - employers pay employees less when they pay more NI for them, so it all washes out.
But, overall, it certainly hasn't gone up.
It's then rising by (a) adding 1.2% to the Employer's contribution and (b) reducing the point at which employer's pay it from £9,100 to £5,000 (while making other changes to help small employers with it).
The net result of this is...basically nothing. They've increased NI back to where it was in March of this year.
Sticking on the employer has been done because they promised they wouldn't do it on employees. But that doesn't really make much difference in the long run - employers pay employees less when they pay more NI for them, so it all washes out.
But, overall, it certainly hasn't gone up.
