National Insurance Contributions (Secondary Class 1 Contributions) Bill — 3 Dec 2024 at 18:27

“What we have done with the increase in employer national insurance is leave it to the business to work out”.

“want to provide further funding for the NHS.”

That this House declines to give a Second Reading to the National Insurance Contributions (Secondary Class 1 Contributions) Bill because it breaks the manifesto commitment of the Labour Party not to increase National Insurance; and will lead to lower growth, lower wages for working people, fewer jobs and the closure of businesses.

“Labour will not increase taxes on working people, which is why we will not increase National Insurance, the basic, higher, or additional rates of Income Tax, or VAT.”

“doesn’t show up in pay packets from day one, it will eventually feed through to lower wages…This is definitely is a tax on working people, let’s be very clear about that.”

“Simple economic theory suggests that the incidence of employer NICs and employee NICs should be the same, at least in the long run. It is likely that the long-run incidence of both employer and employee NICs is predominantly on employees”.

“Delivering on our Promises-New Policy to Close the Tax Gap”,

“Delivering on our Promises-Collecting Tax That is Due”

“Delivering on our Promises-Other Manifesto Tax Commitments”,

“For any retailer, large or small, it will not be possible to absorb such significant cost increases over such a short timetable. The effect will be to increase inflation, slow pay growth, cause shop closures, and reduce jobs, especially at the entry level. This will impact high streets and customers right across the country.

“comforting fairytales that might make us feel better in the moment, but will leave our children worse off tomorrow”.

“giveaways paid for by uncertain, unspecific and apparently victimless savings.”

“there are clear risks that their package of tax measures would not raise the £27 billion a year that they claim.”

“I didn’t have a fixation on taxation. Taxes sometimes have to go up. Taxes sometimes have to go down. It depends on the needs of the macroeconomy and the public need…And, yes, I raised taxes quite frequently and I cut some taxes…I made my mind up on what was necessary.”

“£9.5 billion worth of net”-

“pressure…which they did not disclose to us…which under the law, and under the Act they should have done.”

“Good luck, old cock. Sorry to leave it in such a mess.”

“the tsunami of employment costs coming in April will ultimately do more to hamper growth than incentivise it. Increases to employer NICs and wages will make it harder for businesses to support employment and invest in their businesses.”

“What the manifesto did not tell us was where the £10 to £20 billion of cuts to spending on unprotected public services…might come from. This manifesto remains silent on the wider problems facing core public services.”

“Increasing the employment allowance for small businesses by a record amount is a very welcome move and we’re pleased the Chancellor has heard us loud and clear.”

“Against a challenging backdrop, today’s Budget shows a clear direction in business policy now for the whole of this Parliament to target support at small businesses, rather than big corporates-prioritising everyday entrepreneurs working in local communities in all parts of the country.”

“The UK Government has set aside £4.7 billion to compensate public sector employers”,

“The size of the Scottish devolved public sector is 547,000, which is 9.2% of all public sector employment in the UK”.

“will make job losses inevitable, and higher prices a certainty.”

“existential threat to NHS General Practice”.

“This is a first and will certainly impact on patient care if not addressed.”

“For a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.”

“at a time when general practice is facing workforce shortages, higher costs could make it even harder to hire and retain staff, directly impacting patient access”

“I have worked with Liz Truss on many occasions…I believe that her economic position…and her parliamentary experience make her the best option to lead our country.”

Debate in Parliament |