National Insurance

Scottish businesses are raising prices and hiring fewer staff in response to growing financial pressures as a result of the increase in employer National Insurance Contributions (NICs), according to the Fraser of Allander Institute at the University of Strathclyde. The latest edition of its quarterl

Salaries have been frozen and pay rises have been delayed ahead of the rise in employers’ National Insurance Contributions (NIC), which came into force on Sunday, a new survey has found. Nearly half of Scottish businesses (44%) have taken action on pay since the October Budget to prepare for t

The employer National Insurance increase, which came into effect yesterday, will have a significant impact on public services and cause economic damage for business, Finance Secretary Shona Robison has said. The estimated cost to organisations delivering public services in Scotland is over £70

While much attention was focused on last week’s Spring Statement delivered by Rachel Reeves, most employers are preparing themselves for later this week when her plan to increase National Insurance Contributions (NIC), outlined in the Autumn Budget, comes into effect, writes Craig Rothnie. Whe

Scottish businesses are faced with a significant increase in employment costs, with estimates suggesting an additional £3 billion burden, due to the UK government's rise in employer national insurance contributions (NIC) to 15%. Across the UK, business leaders have forecast that businesses are

Wbg has warned that budget changes are setting the stage for a harsh blow to employers, with implications that could shake the foundations of many industries. With the current Employer National Insurance Contributions (NIC) rate of 13.8% set to rise to 15% in April 2025, Craig Allison, associate dir

Against the backdrop of a heated debate on the extent to which National Insurance (NI) funds state pensions, Edinburgh-based Aegon UK has highlighted two official UK government reports into the ‘National Insurance fund’. Steven Cameron, pensions director at Aegon, said: “While gove