One in five companies have already cut jobs, while 51% have put a freeze on salary increases after employers’ National Insurance hits companies
Rachel Reeve’s National Insurance increases for employers have begun to impact the economy with more than half of business leaders saying they have already frozen or plan to put a stop to salary increases this year. One in five (22%) have already done with 29% planning to do so.
Many motorsport businesses are already feeling the full impact of the NIC rise.