Employers' Contributions

(asked on 2nd April 2025) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of increases in employers National Insurance Contributions on levels of employment.


Answered by
James Murray Portrait
James Murray
Exchequer Secretary (HM Treasury)
This question was answered on 11th April 2025

The Office for Budget Responsibility published the Economic and Fiscal Outlook (EFO) in March 2025, which sets out a detailed forecast of the economy and public finances, including their forecast on levels of employment https://obr.uk/efo/economic-and-fiscal-outlook-march-2025/#:~:text=Real%20earnings%20grow%20by%201.4,%2D26%20to%202029%2D30.

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