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How Labour’s hefty National Insurance hike coming in days affects YOU from price of a pint to pension pots

LABOUR’S hefty employer National Insurance hike is coming in days – we explain what it means for you.

From April 6, businesses will have to pay a higher rate of employer National Insurance contributions (NICs) of 15% from 13.8%.

The increase in employer National Insurance contributions is taking effect in days

The threshold at which they are paid is also being lowered from £9,100 to £5,000.

The Government confirmed it was making the changes in its Autumn Budget last October in a bid to increase revenue.

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