Everybody ready for their 10% NI increase then?

I used to own a business, it was a big concern that the employers NIC payment would also rise.

The only option I would have had waould be to reduce hours or defer any pay rise.
 
NI will hit the poorest and small businesses first because it is paid on much lower earnings than income tax. Same when VAT goes up.
Just ask the Grove Hill tories
 
What amazes me is Council Tax is never mentioned! It will be going up in April too, figures around 5% increase have been mooted! Yet not a word about this…. So another increased payment needed to be factored in
 
We're in the comfortable bracket but I'm anticipating having to cancel 1 or 2 weekends away that we have booked in order to cover the rises in fuel, ct, NI, food, mortgage rate when we fall off fixed, will have to wait and see how it hits us in reality.

I'll never be a tory voter but surely if people in the comfortable category are going to have a reduced quality of life then it is going to decimate their vote?

Are they so unaware of the pending storm?
 
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NZBoro1 said:
wish ours were at 1%. Looking to fix a new mortgage soon, currently renting and building, although feel for those coming off a 2 year fixed as its going to be a massive hike. They are predicting a floating rate here of around the 6% mark.
Click to expand...
Property prices here are insane as it is. We cant reduce rates anymore.
 
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