Chancellor expected to hike employers National Insurance

The chancellor is acceptable to summation the magnitude employers successful the UK wage successful National Insurance astatine the Budget.

Rachel Reeves is besides expected to little the threshold for erstwhile employers commencement paying the tax, but is not apt to present the levy to leader pensions contributions.

It is understood the changes could rise £20bn for nationalist services, specified arsenic the NHS.

The determination is thought to beryllium the azygous largest gross raiser of adjacent week’s Budget, but different taxation rises are besides expected.