L

Lord Livermore (Lab)

Speaking in the House of Lords on 4 February 2025

Debate

National Insurance Contributions (Secondary Class 1 Contributions) Bill

Contribution

We are also providing an additional £26 million of revenue to support children and young people’s hospices. As I have said previously, delaying commencement of the Bill would reduce the revenue generated from it and require either higher borrowing, lower public spending or alternative revenue-raising measures. The Government carefully consider the impacts of all policies, of course, including the changes to employer national insurance. As I have also said previously, an assessment of the policy has already been published by HMRC in its tax information and impact note. Further, the OBR’s economic and fiscal outlook sets out the expected macroeconomic impact of the changes. The Government and the OBR have therefore already set out the impacts of this policy change. This approach is in line with previous changes to national insurance and to taxation. The Government do not intend to provide further impact assessments. In the light of the points I have made, I respectfully ask the noble Baroness to withdraw her amendment.

More from Lord Livermore (Lab)

Other recent Hansard contributions by the same speaker.

About Hansard

Hansard is the official verbatim record of proceedings in the UK Parliament. Every word spoken in the Commons and Lords is recorded and published — this page is a single contribution from that record.

Partner sites