Employers' Contributions: Unemployment
The question
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of changes to employer National Insurance contributions on levels of unemployment.
Answered by James Murray
The Office for Budget Responsibility’s October 2024 Economic and Fiscal Outlook, which takes into account tax measures announced in the Budget, expects the unemployment rate will fall to 4.1% next year and remain low until 2029.
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