National insurance rise 'set to squeeze budgets', warns CBI
Published by Michael Graves on Wed, 16/02/2022 - 10:04amThe Confederation of British Industry (CBI) has warned the government that the planned rise in national insurance will squeeze budgets and affect economic growth.
The rise will see employers, employees and the self-employed pay 1.25p more in the pound from April 2022. From April 2023, the extra tax will be collected as part of the new Health and Social Care Levy.