National Insurance Contributions: Hospitality Sector Debate
Full Debate: Read Full DebateBaroness Altmann
Main Page: Baroness Altmann (Non-affiliated - Life peer)Department Debates - View all Baroness Altmann's debates with the HM Treasury
(1 week, 1 day ago)
Lords ChamberThe answer to the noble Baroness’s question is no. Of course, we recognise that the retail and hospitality sector has struggled in recent years. At the Budget, we introduced a number of policies, including freezing the business rates small business multiplier. Together with the small business rates relief, this will exempt over a third of properties from business rates. On national insurance, as I have said before, there are consequences to responsibility, but there would have been greater consequences to irresponsibility, and it is not clear to me how the noble Baroness would fund her policies.
My Lords, the increase in the employment allowance for small businesses is most welcome, but can I press the Minister on the exemption for public sector employers from this increase in NICs and urge him to consider extending that exemption to social care and charity companies for example, particularly as they have such a preponderance of low-paid women in their workforce?
The distinction that we are following follows the long-established distinction in these matters, and it is exactly the same as the previous Government had in their health and social care levy. That is a long-standing principle and, as the noble Baroness will know, we have extended a significant amount of compensation to public sector employers.