Chancellor Rachel Reeves has confirmed that the rate of employer national insurance contributions will rise to 15 per cent in 2025, following speculation ahead of the Budget announcement.

Reeves told MPs: "So in today's budget, I am announcing an increase in employers National Insurance contributions.

Chancellor Rachel Reeves has confirmed that the rate of employer national insurance contributions will rise to 15 per cent in 2025, following speculation ahead of the Budget announcement.Reeves told MPs: "So in today's budget, I am announcing an increase in employers National Insurance contributions...{ai:summary}Chancellor Rachel Reeves announced an increase in employer national insurance contributions to 15% starting in April 2025. The secondary threshold for contributions will also be reduced from £9,100 to £5,000. This change is part of the Budget announcement. #economy

Budget 2024: Chancellor confirms increase in employer National Insurance contributions

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