M

Member

Speaking in the House of Lords on 4 February 2025

Debate

National Insurance Contributions (Secondary Class 1 Contributions) Bill

Contribution

Judging by the money raised—again, I could not find any detailed information on this—and looking at the numbers involved, as far as I can make out more than 20 million jobs will be affected by this change. This group of amendments, if adopted, would demonstrate that the Government are listening, that they understand the pressures facing large employers and that they are willing, for relatively little cost, to delay for one year half the decrease in the threshold. For relatively little cost, they could significantly reduce the social and economic impact of this tax rise.

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