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Lord Livermore (Lab)

Speaking in the House of Lords on 6 February 2025

Debate

National Insurance Contributions (Secondary Class 1 Contributions) Bill

Contribution

In conclusion, the Government have provided £4.7 billion of funding to support public sector employers with increased employer national insurance. Expanding eligibility for, or increasing the value of, the allowance would come with additional costs and would reduce the revenue generated by this Bill; this would then require either higher borrowing, lower spending or alternative revenue-raising measures. In the light of these points, I respectfully ask noble Lords to withdraw or not press their amendments.

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