Election 2010: Tories would raise NI threshold for employers

Laura Miller
clock

The Tories have pledged to raise the the secondary threshold at which employers start paying National Insurance (NI) by £21 a week, countering what it calls Labour's "job tax" of a 1% NI increase.

Unveiling their party's manifesto today at Battesea Power Station, the Conservatives also promised employees a rise of £24 a week in the primary NI threshold and in the Upper Earnings Limit by £29 a week. The Tories claim seven out of 10 working people - those earning between £7,100 and £45,400 - and almost every employer will save up to £150 a year per person compared to under Labour. Lower earners will get the greatest benefit as a percentage of their earnings, it says, adding nobody will be worse off as a result of these changes. "One thing is clear," the party states, "we can't...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Trump's presidency and tariffs: Advice industry shares views

Trump's presidency and tariffs: Advice industry shares views

‘Stark raving mad’ but ‘great’ for US firms

Isabel Baxter
clock 18 February 2025 • 4 min read
Five-fold surge in advisers buying gilts for clients in 2024

Five-fold surge in advisers buying gilts for clients in 2024

AJ Bell finds 436% increase in gilt purchases on its Investcentre

Isabel Baxter
clock 10 February 2025 • 1 min read
Bank of England cuts interest rates by 25bps to lowest level in 18 months

Bank of England cuts interest rates by 25bps to lowest level in 18 months

First MPC meeting of the year

Sorin Dojan
clock 06 February 2025 • 3 min read