HANSARD
Employer National Insurance Contributions: Economic Growth
3. What assessment she has made of the potential impact of changes to employer national insurance contributions on economic growth. 11. What assessment she has made of the potential impact of increases in employer national insurance contributions on businesses. 14. What assessment she has made of the potential impact of changes to employer national insurance contributions on economic growth. - Minister, welcome.
- Thank you, Mr Speaker. The immediate task facing the Labour Government was to take action to stabilise the public finances and invest in our public services. On national insurance, we did that in a way that protects the smallest businesses by increasing the employment allowance from £5,000 to £10,500. That means that 865,000 employers will pay no national insurance contributions at all, and more than half will either gain or see no change.