#national-insurance-contributions

#national-insurance-contributions

The primarily online maternity fashion brand, Seraphine, going into administration is a reminder that it's not just high street retailers struggling with higher staffing costs due to the Government's tax and employment policies.

"We have made our position very clear with the Treasury that using the Barnett formula in this instance is a breach of the rules," Drakeford said.

"Most fire services in England are facing a shortfall in funding after the government failed to give them the same level of compensation for tax increases as the police."

These NIC changes create a significant burden for growing businesses at exactly the wrong time. Employers have been preparing for these increased costs by slowing hiring.

An increase in Employment Allowance could help businesses cope with the rise in National Insurance Contributions.

Removing 300,000 taxpayers from self-assessment will free up the system to deal with returns in a more timely manner.

Rachel Reeves said in December, she 'remained committed to one major fiscal event a year', but the OBR's Economic and Fiscal Forecast might force further tax rises.