Employers' Contributions: Small Businesses — Written Question

Question

David Reed

Conservative — Exmouth and Exeter East

To ask the Chancellor of the Exchequer, with reference to paragraph 2.40 of the Autumn Budget 2024, published on 30 October, whether she has made an assessment of the long-term impact of national insurance increases on the ability of SMEs to invest in (a)

Answer

James Murray

The Government has protected the smallest businesses from the impact of the increase to employers’ National Insurance by increasing the Employment Allowance from £5,000 to £10,500, which means that 865,000 employers will pay no employer NICs at all next y...

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