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The Latest Breaking News from Insurance

Lower pay rises likely due to Budget tax increases, Rachel Reeves admits

The Chancellor acknowledged her decision to raise national insurance contributions for employers could affect wage growth for workers.

The Independent UK

UK politics live: Budget means weekly pay to rise just £13 in 20 years as IFS calls Reeves’s plans ‘unrealistic’

The Resolution Foundation has warned that the pay outlook is “dire” and many UK workers will not feel any better off by the end of this Parliament

The Independent UK

Millions of workers to see £600 pay rise hit from National Insurance hike on businesses, says Budget watchdog

The Office for Budget Responsibility stressed three quarters of the rise in National Insurance on employers would ultimately feed through into lower wage increases for employees

Evening Standard

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Taxes to rise higher AGAIN in next few years and wage increases hit, warn IFS economists after Reeves Budget

The Institute for Fiscal Studies also stressed that much of the National Insurance rise on employers would feed through into smaller pay rises for workers

Evening Standard

Papers react to Labour’s Budget ‘gamble’

There was a mix of optimism and pessimism with the national papers’ views on Rachel Reeves’s Budget.

Evening Standard

How Much Will An EV Really Cost Me?

Electric cars are quick, green and often packed with novel technology. But that’s not enough to convince most people to kick gasoline to the curb. They need to know: Will an EV cost me extra or save me money in the long run?

InsideEVs

Fact check: Budget 2024 claims about National Insurance, bus fares and growth

Round up of fact checks about the Autumn Budget 2024, compiled by Full Fact.

Evening Standard

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‘That’s two people we won’t hire now’: bosses react to Reeves’s tax rises

Employers say they will be counting costs of budget amid increases to national insurance contributions

The Guardian - UK

Scotland's hospitality sector issues warning over Labour Budget

SCOTLAND’S top hospitality operator has warned the Chancellor’s decision to raise National Insurance contributions could “certainly cost…

The National (Scotland)

Employer national insurance hike to slow hiring and wage growth, critics say

Rachel Reeves announced the tax increase in her autumn Budget statement to the House of Commons.

The Independent UK

Housing, tax rises, train fares and pub pints: What Rachel Reeves' Budget means for Londoners

There was good news for London transport, with the Chancellor committing £485million for TfL’s capital renewals programme and confirming HS2 will go to Euston

Evening Standard

Economists react to the Budget with pay cut fears

LABOUR tax hikes on employers will cut pay for workers, according to a leading think tank.

The National (Scotland)

Employer National Insurance contribution to rise to 15 per cent

Chancellor Rachel Reeves announced the expected increase in employers’ National Insurance contributions, but thrown a possible lifeline to small…

The National (Scotland)

Businesses fear impact of increased employer National Insurance contributions

National Minimum Wage increases and an increase in employer National Insurance contributions in the Autumn Budget may be the final nails in the…

The National (Scotland)

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Al Jazeera

Fact check: Kamala Harris’s speech at the White House Ellipse

Harris spoke at the site of Trump’s ‘Save America’ rally one week ahead of the election. We fact-checked her claims.

The Independent UK

Reeves will use tax rises and increased borrowing to ‘invest, invest, invest’

Rachel Reeves is the UK’s first female chancellor and she will deliver a Labour budget for the first time since Alistair Darling in March 2010.

The Guardian - UK

Autumn budget: Rachel Reeves raises taxes by £40bn and increases spending on NHS and schools – as it happened

Chancellor announces changes to employers’ national insurance contributions, inheritance tax, capital gains tax and other duties

Evening Standard

Small business owners ‘seriously concerned’ by prospect of Budget tax rises

One said he may need to cut his workforce if the Government increases employer national insurance contributions.

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Evening Standard

Climate activists in ‘zombie dance’ protest outside insurance offices

Extinction Rebellion Scotland claimed Howden, AIG and AXA insure fossil fuel projects.

The National (Scotland)

What is the difference between employer and employee National Insurance?

THE way National Insurance contributions work depends on whether you are an employee or an employer. Here's an explanation of how it is processed...

The Independent UK

Pay for 800,000 freelancers could be hit if employers’ tax rises in Budget, experts say

Chancellor is understood to be considering the move as part of her plans to raise money to bail out Britain’s battered public services

Fortune

Some workers say they’re willing to give up traditional perks if they can get pet benefits instead

When it comes to pets, offering a few basic benefits could bring employees peace of mind.

The Independent UK

Private schools warn sector could ‘fall apart’ if hit by national insurance and VAT tax blow

Independent school leaders fear sector will be hit twice in Wednesday’s Budget

The Conversation

Rising vet fees leave pet owners facing tough choices – and vets often bear the brunt

If you’re a pet owner, you may have noticed increases in your vet bills in recent years. The average cost of pet booster injections increased by 48% in the UK between 2020 and early 2024, while pet insurance prices rose by 21% in the year to March. Many families are…

The Guardian - UK

Starmer lost in the semantic weeds as he makes case for plugging the ‘black hole’

Two days before the budget, the British prime minister promises better days lie ahead – but first, some pain

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