Written Question·Treasury·UIN 37471
Employers' Contributions: Unemployment
Tabled: 11 March 2025
Answered: 18 March 2025
Question
David Chadwick
Liberal Democrat — Brecon, Radnor and Cwm Tawe
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of changes to employer National Insurance contributions on levels of unemployment.
Answer
James MurrayThe Office for Budget Responsibility’s October 2024 Economic and Fiscal Outlook, which takes into account tax measures announced in the Budget, expects the unemployment rate will fall to 4.1% next year and remain low until 2029.