CPS responds to the Chancellor’s growth speech
Responding to Rachel Reeves’ speech this morning, CPS Director Robert Colvile said: ‘The vast bulk of the Chancellor’s speech was hugely welcome – and indeed echoed arguments the Centre for Policy Studies has been making forcefully for years. She is right that growth needs to be the absolute priority, that excessive and often conflicting regulation… View Article
CPS responds to ONS population data
Responding to the ONS population figures released today, CPS Research Director Karl Williams said: ‘Once again, ONS population projections have net migration running at unsustainable levels – 340,000 per annum from 2029 onwards and accounting for the entirety of the population growth. The reality may in fact be even higher given the projections assume net… View Article
Papers cover CPS analysis on cost of employing lowest paid
New analysis by CPS Tax and Fiscal Researcher Daniel Herring has found that this year will be the most expensive on record for businesses who employ workers on the minimum wage. Due to the rise in employer’s National Insurance in the Budget and the dramatic reduction in the threshold at which it is paid, 21.3%… View Article
Cost of employing low-wage workers to hit record high in 2025, according to new analysis
Businesses employing low-wage workers will see a massive hike in their tax bills in 2025 The Chancellor’s decision to raise employer’s National Insurance has led to a whopping 60% tax increase for businesses employing the lowest paid In 2024, an employer paid £1,617 in NICs for each full-time employee on minimum wage. In 2025 they… View Article
