Daisy Cooper

Daisy Cooper

Liberal Democrat — St Albans

Speaking in the House of Commons on 4 March 2025

Debate

NICs Increase: Impact on Economic Growth

Contribution

Ministers will be aware of analysis from the Nuffield Trust showing that that additional grant is being dwarfed by the additional costs that the Government are introducing. On the great British high street, we know that our high streets are beautiful features of our cities, market towns and villages, but hospitality, retail, beauty and other service sectors are saying that the combination of national insurance and other changes will be a real hammer blow. If high street shops start to close, that is bad for economic growth and bad for confidence. What mechanisms will Ministers put in place to monitor the impact of the national insurance contributions changes on the vibrancy and resilience of our high streets?

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