With the Treasury reportedly considering an increase in national insurance contributions for employers in the upcoming Budget, what does this mean for HR and payroll teams?
The Chancellor of the Exchequer has confirmed cuts to income tax and national insurance, and has removed the cap on bankers' bonuses in his "mini-Budget" today.
The recent 1.25% national insurance rise will be reversed in November and the Health and Social Care Levy will be scrapped, the Treasury has announced.