Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of changes to National Insurance contributions on economic growth.

The Government made fair and necessary decisions on tax, welfare, and spending to help fix the public finances and fund public services.

The Government of course carefully considers the impacts of all policies, including the changes to employer National Insurance.

An assessment of the changes announced at Autumn Budget 2024 on Employer National Insurance Contributions was published by HMRC in their Tax Information and Impact Note

Further, the OBR’s October 2024 Economic and Fiscal Outlook sets out the expected macroeconomic impact of the changes to employer National Insurance contributions.