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The Latest Breaking News from National Insurance

Minimum wage to increase – but it still falls short of the Living Wage

THE minimum wage will rise to £12.21 an hour next year after the Chancellor confirmed a 6.7 per cent increase ahead of Wednesday’s Budget.

The National (Scotland)

What is the difference between employer and employee National Insurance?

THE way National Insurance contributions work depends on whether you are an employee or an employer. Here's an explanation of how it is processed...

The National (Scotland)

Keir Starmer gambles tens of billions more in tax and borrow Budget to invest in ‘new future’ for Britain

The Prime Minister warns the nation of the ‘harsh light of fiscal reality’

Evening Standard

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Rachel Reeves claims her Budget is for strivers amid uncertainty over ‘working people’

Echo of Tory chancellor George Osborne’s claims as Labour prepares to raise taxes

The Independent UK

Scottish Government warns Labour Budget could cost NHS Scotland 2000 nurses

THE UK Government’s upcoming Budget could cost NHS Scotland “2000 nurses”, the Scottish Government has warned ...

The National (Scotland)

Budget 2024: Labour Chancellor Rachel Reeves big bang tax, borrow and spend gamble risks backfiring

Commentary: If Sir Keir Starmer and Rachel Reeves’ big bet Budget pays off a second term awaits, if it doesn’t everything will be to play for at the next general election

Evening Standard

Budget 2024: Pensioners, wealthy, landlords and shareholders 'face tax hit' as Labour defines 'working people'

Sir Keir Starmer and ministers have been grilled on their definition of ‘working people’ who will be protected from the brunt of tax rises

Evening Standard

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Budget 2024: Rachel Reeves would hit pensions of millions with NI raid on employers, warns Lord Blunkett

The Labour peer made the last minute intervention, just days before the October 30 Budget, on increasing National Insurance on pension contributions by companies

Evening Standard

Budget 2024: Huge row erupts over Rachel Reeves 'raising mortgage rates' by borrowing billions

The clash over home loans erupted just days before the Budget on October 30

Evening Standard

What will Labour's tax increases mean for Scotland?

CHANCELLOR Rachel Reeves has finalised behind-the-scenes deals with Cabinet colleagues and her officials will be sweating over drafts for her speech…

The National (Scotland)

SNP demand ‘cast-iron guarantee’ on tax hikes ahead of Labour Budget

THE SNP have urged Keir Starmer to give a “cast-iron guarantee” that the National Insurance tax hike reportedly in the upcoming Budget will…

The National (Scotland)

Budget 2024: How tax rises by Chancellor Rachel Reeves will hit Londoners and London firms

Standard analyses impact of potential tax rises in the Chancellor’s October 30 Budget on millions of Londoners

Evening Standard

'Tory playbook painted red': Energy expert hits out at Labour over carbon capture

LABOUR’S plans for what could be a key energy sector in Scotland have been branded “the Conservative playbook painted red” by a leading…

The National (Scotland)

Businesses warn tax hikes could send fish and chips prices soaring as restaurants brace for Budget

Fish and chips owners are ‘hoping to stay afloat’ amid speculation of further tax hikes on the October Budget

The Independent UK

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The Independent UK

Ex-Bank of England chief Mervyn King urges Rachel Reeves to raise national insurance in Budget

Exclusive: In a dramatic intervention, the former governor of the Bank of England tells the chancellor she must be ruthlessly honest with the public

Evening Standard

Tax row: Will Rachel Reeves break Labour manifesto by raising National Insurance on employers in the Budget?

The jury seems to be out on this key question on Labour’s economic policy

The Guardian - UK

Keir Starmer twice refuses to rule out rise in employers’ national insurance

PM says it was ‘very clear’ in Labour manifesto that government would not raise taxes on working people

Evening Standard

Capital gains tax will not hit 39%, says Treasury minister - but he won’t rule out rise in October Budget

National Insurance for employers also appears set to increase in the Budget on October 30

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The National (Scotland)

HMRC pension warning as deadline to boost your State Pension approaches

More than 10,000 people have boosted their state pensions by a combined £12.5 million in the last six months

The Independent UK

Labour accused of ‘absurd’ plan to break manifesto pledge over national insurance hike

The shadow work and pensions secretary also said the Government’s claim his party left a £22 billion black hole in public finances is ‘fictitious’

Evening Standard

Inflation-busting council tax rises of 5% may be in Rachel Reeves Budget, top economists warn

They also say that increasing employer National Insurance would be a ‘clear breach’ of Labour’s manifesto

The Independent UK

Rachel Reeves warned up to £25bn of tax rises needed to avoid austerity

Rachel Reeves’ first budget could be ‘the most consequential since at least 2010’, the IFS said

Evening Standard

Keir Starmer dodges questions on rumoured National Insurance increases in Budget

The Prime Minister did not answer whether his pre-election promise not to raise the tax applied to both employee and employer National Insurance payments

The Independent UK

Millennials and Gen Z beware: People in their fifties have serious pension problems. You could be doomed

People in their forties and fifties aren’t saving enough for a comfortable retirement, according to new research. So where does that leave younger generations who are worst hit by the cost of living crisis, asks Katie Rosseinsky?

The Guardian - UK

McDonald’s sales fall for first time since 2020, as higher prices deter consumers – as it happened

Live, rolling coverage of business, economics and financial markets as McDonald’s faces pressure to cut prices and lure back customers

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