NI tax hike: Govt must scrap damaging jobs tax

EMBARGO: 00:01 - 17 Jun 2025

Commenting as S&W’s business owners sentiment survey revealed around a third of business owners have said they plan to cut more jobs after being hit by higher national insurance contributions, Liberal Democrat Treasury Spokesperson Daisy Cooper MP said:

“Unfortunately, this confirms what we knew from the start - that the unfair National Insurance tax hike is a massive hammer blow to businesses already struggling to cope, and will lead to people losing their jobs or seeing their salaries suppressed.

"Small businesses are the engine of our economy and the backbone of our communities. After all the damage they faced under the last Conservative Government, the government should be doing everything it can to support them.

"Ministers need to go back to the drawing board, scrap this damaging jobs tax that holds back economic growth, and instead ask the big banks and social media giants to pay their fair share of tax."

ENDS