L

Lord Popat (Con)

Speaking in the House of Lords on 9 January 2025

Debate

National Insurance: Employer Contributions

Contribution

My Lords, no other country in the world taxes companies to employ people. We do that through our national insurance contributions, which are now going up from 13.8% to 15%. That will hit all our SMEs hard, which are the backbone of our economy. What will the Government do to support our SMEs to compensate for this additional cost—this evil tax—that we are talking about?

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