4 d. ago Most people unaware National Insurance impacts State Pension payments in retirement

A new survey found over half of respondents admitted they had no idea of the current value of State Pension.

Economics

6 d. ago Asian shares sell off as US curbs on Nvidia chip sales to China fuel trade fears; UK inflation slows to 2.6% – business live

Gold surges nearly 2% to new record high; UK food inflation slows and fuel prices fall while clothes prices riseFinancial markets are betting on an interest rate cut from the Bank of England meeting at its May meeting, estimating an 86% probability.They have fully priced in three quarter-point rate reductions this year.A sharp pickup in inflation from April is all but guaranteed. Ofgem’s 6.4% increase to its price cap, after a large fall last year, means we expect the energy component will add 0.7ppts to CPI inflation in April. A significant increase in water bills means the contribution from the core goods category is also set to rise. In addition, we expect businesses to pass on some of the increase in labour costs caused by the recent rises in employers’ National Insurance Contributions (NICs) and the National Living Wage onto consumers. Inflation is likely to peak in the autumn, before starting to cool as the contribution from the energy category fades.The MPC has lowered Bank R...

Economics

8 d. ago End of the fish and chip shop? Owners reveal how rising prices and Labour's National Insurance rise have wiped out their profits

Fish and chip shop owners have revealed they are no longer turning a profit from selling cod, amid rising costs and tightening fishing quotas - as some say they fear going out of business altogether.

Economics

9 d. ago Scotland must be resilient in the face of global shocks, says Swinney

The First Minister has suggested the UK Government should drop the recently announced increase in employers’ national insurance contributions.

Events

1 week ago Shoe store closing down after 60 years in another 'loss' to the high street as owner blames Labour's budget and 'rapidly rising costs'

A spokesperson said the closure of one of its longest standing branches is due to the upcoming employer National Insurance Contributions, a decrease in business rate relief and lower footfall.

Economics

1 week ago New State Pension payment warning 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.

Events

1 week ago Martin Lewis’ MSE issues warning as thousands miss state pension deadline after HMRC error

This weekend gone was your last chance to purchase missing National Insurance years dating back to 2006 - but MSE reports that the website where you make the top-ups was mistakenly taken offline early

Events

1 week ago Thousands hit by HMRC error were 'blocked' from boosting State Pension before key deadline

HMRC has confirmed that thousands were locked out of their National Insurance contribution system due to an error

Events

2 w. ago 'We are in crisis': Soaring fish and chip prices to over £13 threaten the future of Wales’ chippies

With shrinking fish quotas, rising inflation, and higher National Insurance and wage costs, Wales’ independent chip shops are under intense financial pressure.

Economics

2 w. ago Major Scots charity forced to axe support group after Labour national insurance hike

Epilepsy Scotland chief executive Lesslie Young called on the NI to be scrapped

Politics

2 w. ago Swinney demands ‘big and bold response’ from UK Government to Trump’s tariffs

The Scottish First Minister called on the UK Government to change its fiscal rules and reverse the recent rise in employer national insurance charges.

Politics

2 w. ago National Insurance Contributions: what do new employers NICs changes and rates increase mean for UK workers?

Businesses are bracing for higher costs, and could squeeze workers even more 💼

Politics

2 w. ago Workers facing a hit of up to £11,000 over the next five years due to Labour's 'job tax' as National Insurance rise comes into effect

Chancellor Rachel Reeves' hike to employer National Insurance contributions (NICs), which she announced in October, is now in effect and is set to keep down wages.

Economics

2 w. ago MEL STRIDE: Let this be a lesson to Labour: Only businesses can create prosperity

Labour's National Insurance jobs tax came into force yesterday - a damaging move that penalises work, imposes a £25billion burden on employers and will make the country poorer.

Politics

2 w. ago National Insurance hike comes into effect with warning on jobs and price rises

Kate Nicholls, chief executive of UKHospitality, said workers and business will be affected

Events

2 w. ago Streeting defends Labour’s national insurance hike as health secretary urges Farage to ‘come clean’ over Reform’s NHS plans

Exclusive: Labour is continuing to ramp up the pressure on Reform UK, urging Nigel Farage to ‘come clean’ about his plans for an insurance-style funding model for the NHS

Society

2 w. ago Rise in national insurance will hit jobs and investment, high street bosses warn

Employer rates increase from 13.8 per cent to 15 per cent today

Events

2 w. ago Rise in national insurance to hit jobs and investment, high street bosses warn

The rate of employer national insurance contributions increases from 13.8% to 15% on Sunday April 6.

Events

2 w. ago UK national insurance hike is inexplicable if growth is target, says Robison

Scotland’s Finance Secretary said the increase was bad for both business and public services.

Events

2 w. ago Warning on jobs and price rises as national insurance hike comes into effect

Kate Nicholls, chief executive of UKHospitality, said workers and business will be affected.

Events