Member

Against the background of these and many other burdens, the Government now propose to increase national insurance paid by employers. The cost of this compounds as the salary increases triggered by the minimum wage come into play. The proposed increase in national insurance for employers of 1.2% is on top of those pay increases. It is just worth pointing out that, although everybody talks about 1.2%, in fact the increase in employers’ national insurance is nearer to 9%. All businesses will suffer from this increase. Only last week, Sainsbury’s announced massive redundancies, and there is a steady stream of reports of other similar but less headline-grabbing redundancies.