National Insurance Creating ‘Powder Keg’ of Costs
82% of firms surveyed say the National Insurance (NI) rise will impact their business Most responding businesses say the increase in NI will impact recruitment (58%) and prices (54%) Over three quarters (79%) of businesses do not feel the government has properly assessed the impact of its new policies The majority of firms (77%) are worried about the speed policy changes are being made 55% of firms say plans to change statutory sick pay will impact either their investment, recruitment, prices or day to day operations. The overwhelming majority of businesses say the rise in employer National Insurance contributions will force them to change their plans, according to new research by the BCC Insight’s Unit, in partnership with professional services firm AAB.