Written Question·Treasury·UIN 17784

Employers' Contributions: Employment and Pay

Tabled: 4 December 2024

Answered: 12 December 2024

Question

Damian Hinds

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of increases to employer National Insurance contributions at the Autumn Budget 2024 on (a) employment levels and (b) wages for (i) lower-paid and (ii) higher-paid

Answer

James Murray

The Office for Budget Responsibility’s October 2024 Economic and Fiscal Outlook expects that the Employer National Insurance Contributions package will lead to a reduction in the participation rate of 0.1 per cent from 2025-26 onwards. Overall, once the i...

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