5 h. ago New State Pension payment delays for older people due to retire this year

The first State Pension payment might also be higher or lower than expected even with full National Insurance contributions.

Economics

6 h. ago UK payrolls down by 178,000 over last year; Bundesbank chief defends central bank independence after Trump’s attacks on Powell – business live

UK company payrolls have fallen by 178,000 in last year, pushing unemployment rate to four-year highAnalysis: The rise in unemployment shows the UK jobs market is cooling, but it is not collapsingDeutsche Bank’s chief UK economist Sanjay Raja agrees that the UK’s labour market is continuing to cool, with both payrolls and vacancies down.Raja explains:Redundancies remain elevated with the May data showing a 114k increase in the three months to May – its highest level in three months. Jobs demand remains weak as hiring plans are near a standstill.This will continue to see unemployment rise – but we think this will be a slow grind higher as opposed to a whipsaw higher. For the MPC, despite the bump higher in inflation, the loosening in labour market should give the BoE reason to proceed with a gradual dial down of restrictive policy.The fallout in the labour market from the hikes in National Insurance Contributions and the minimum wage is not as big as previously thought. Even so, as p...

Economics

8 h. ago London has worst unemployment rate in UK after massive hospitality jobs shake

ONS figures show the number of employees in London shows a fall of 1.8% in the year to May, more than any other region

Politics

37 h. ago Starmer urged to allow SNP ministers borrow more cash ahead of upcoming funding gap

SNP ministers are braced for a capital funding shortfall by the end of the decade.

Politics

55 h. ago New call to scrap tax and National Insurance deductions on overtime for emergency service workers

Nearly 6,000 people have signed an online petition calling for the UK Government to make the change.

Economics

3 d. ago Reeves says protections remain for ‘working people’ amid wealth tax speculation

Chancellor Rachel Reeves said the manifesto commitment not to increase income tax, national insurance and VAT still stood.

Economics

3 d. ago Bank of England could make cuts to interest rates if jobs market slows down, Bailey says

Businesses are ‘adjusting employment’ as a result of Rachel Reeves’ decision to raise national insurance contributions for firms, governor says

Economics

3 d. ago Bank of England could cut base rate if jobs market continues to slow – Bailey

Businesses are ‘adjusting employment’ as a result of Rachel Reeves’ decision to raise national insurance contributions for firms, the governor said.

Economics

8 d. ago Starmer opens the door for stealth tax extension as he tries to balance books

During a fiery PMQs, the prime minister ruled out increases to income tax, VAT and national insurance but could not answer questions on wealth taxes or a freeze on tax thresholds

Events

8 d. ago Labour Left's £120BILLION tax menu: MPs tell Reeves to hike NICs again, target banks and hammer shareholders to fund 'unsustainable' spending splurge

Keir Starmer has urged to raise up to £120billion from Brits by increasing national insurance again, targeting banks and hammering shareholders.

Economics

8 d. ago Starmer opens the door for wealth tax raid as he ducks questions at PMQs

During a fiery PMQs, the prime minister ruled out increases to income tax, VAT and national insurance but could not answer questions on wealth taxes or a freeze on tax thresholds

Economics

1 week ago Brits issued state pension warning as they could be 'financially unsustainable by 2036'

The state pension will become structurally reliant on reserves from the National Insurance investment fund in the next 15 years, according to the Adam Smith Institute (ASI)

Events

1 week ago Raise taxes or this government will fail, Rachel Reeves’s former top adviser warns

Exclusive: Ex-Treasury minister Jim O’Neill has warned Reeves will have to raise income tax, national insurance or VAT to fill the £5bn black hole left by the welfare climbdown

Events

2 w. ago National insurance burden ‘life or death’ for Scottish firms as hiring and investment frozen

“These survey results highlight major concerns and challenges for Scottish businesses as a direct result of rising costs” – Doug Smith, SCC

Economics

2 w. ago How much debt is the UK in and how do we fare compared to other countries?

From defence spending to rising tariffs, governments across the world seem to have gone borrowing daft

Economics

2 w. ago HMRC warns millions of Brits who have National Insurance numbers to act today

The Labour Party government's tax arm has issued a stark warning to millions of Brits who have National Insurance (NI) numbers, urging them to take action 'today'

Events

2 w. ago UK car dealership giant slams Labour as it's hit by huge £30m 'Rachel Reeves tax hike'

The group said the increase in employer's National Insurance contributions and the rise in the National Minimum Wage will mainly be responsible for the rise

Economics

3 w. ago BoE’s Bailey sees signs of softer jobs market after National Insurance rise

Central bank governor highlights lower labour demand and ‘significant decline’ in wage growth

Politics

3 w. ago Starmer admits employer national insurance tax hikes piled pressure on British business

Keir Starmer said the government recognised it has ‘asked a lot’ of British firms since the general election

Economics

3 w. ago Tax hike fears mount after government borrowing jumps in May

The ONS said borrowing surged to £17.7 billion last month, the second highest figure on record for May

Politics