Employers' Contributions: Wales
The question
To ask the Secretary of State for Wales, what assessment she has made of the potential impact of increases in employer National Insurance contributions on employment in Wales.
Answered by Jo Stevens
We have protected the smallest businesses and more than doubled the Employment Allowance to £10,500, meaning that over half of small and micro businesses will pay less or no national insurance contributions at all. Small and medium-sized enterprises account for 99.3% of total enterprises in Wales.
UK Government analysis shows that 865,000 UK businesses will pay no NI contributions at all as a result of these measures. In addition, more than half of employers with NI contribution liabilities will either see no change or an overall gain from 2025.
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