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
