National Insurance hikes creating ‘serious uncertainty’ for minority-focused charities

LGBTQ+ and other minority-focused charities have expressed concern about the government’s plans to increase employers’ national insurance (NI) contributions.

Chancellor Rachel Reeves delivered the first budget of the new Labour government in October, announcing an increase in public spending of about £70 billion (£89 billion) per annum over the next five years, funded by tax rises and higher borrowing.

To finance the increased spending, the autumn budget set out that from next April, the start of the new financial year, employers’ national insurance contributions would increase by 1.2 per cent to 15 per cent, with the threshold at which employers start paying for an employee dropping from £9,100 ($11,500) to £5,000 ($6,300). It is estimated that the higher contributions will raise £20 billion ($25 billion) a year.

The measures have

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