James Murray

James Murray

Labour (Co-op) — Ealing North

Speaking in the House of Commons on 21 January 2025

Debate

Supporting SMEs, Retail, and Hospitality and Tourism

Contribution

We set out the details of our decision to increase the rate of national insurance contributions from employers and to reduce the threshold, and we have added the different benefit we will give, particularly to small businesses and charities, by more than doubling the employment allowance. The employer national insurance contribution changes were among the toughest we took in the Budget, but they were necessary to repair the public finances and deliver the economic stability that is so crucial for investment and growth.

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