Labour and CBI express concerns the government’s tax policies are bad for business and workers
Higher national insurance payments will leave low-paid frontline workers potentially more than £1,000 a year worse off, while also depriving firms of the cash needed to invest, according to the latest analyses.
The combination of higher national insurance contributions (NICs), Universal Credit cuts and a freeze on the income tax personal allowance, would take £1,040 a year away from the average supermarket worker, according to Labour. The retail sector is the UK’s biggest private sector employer. For hospitality workers, nurses and social care workers the hit is bigger at about £1,100.
