Retail Trade: Employment
The question
To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential impact of the proposed increase in employer National Insurance contributions on recent trends in employment numbers on the high street.
Answered by James Murray
An assessment of the changes to Employers’ National Insurance has been published by HMRC in their Tax Information and Impact Note, including impacts on the exchequer, the economy, individuals, households and families, equalities, and businesses including civil society organisations, alongside details on monitoring and evaluation.
After accounting for the Autumn Budget 2024, the independent Office for Budget Responsibility expect the employment level will increase from 33.1 million in 2024 to 34.3 million in 2029.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →