Martin Lewis' Budget reaction as he raises serious question
manchestereveningnews.co.ukPersonal finance campaigner Martin Lewis has responded to Labour's Autumn budget. Posting on X (formerly Twitter) the Money Saving Expert founder tweeted in real-time to this afternoon's announcements.
Mr Lewis drew on the massive national insurance changes for employers, which will see larger businesses contribute 15 percent from April next year.
The pressure will be placed on those "with the broadest shoulders", the Chancellor Rachel Reeves said. But Lewis questioned how the businesses will pay for a £615 per employee surge.
He said: "The change of threshold so employers now start paying National Insurance at £5,000 not £9,100 is big. For the employers who pay it, at the new 15% rate that alone's £615 increased cost per most employees per year.
Read more on manchestereveningnews.co.uk