Employment Allowance
(asked on 17th November 2021) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make an assessment of the potential effect on levels of (a) pay and (b) employment of raising employment allowance.
This question was answered on 25th November 2021
The Government currently has no plans to increase the Employment Allowance (EA).
Since its introduction in April 2014, the EA has already been significantly increased, including rising from £3,000 to £4,000 in April 2020. This increase benefitted around 510,000 businesses, of which 65,000 businesses were estimated to be taken out of paying National Insurance contributions entirely.