Delivering the first budget by a Labour government in 14 years, and the first by a female chancellor, Reeves said employers’ NI would go up by 1.2 percentage points from April 2025, a move that will raise £25 billion a year for the Treasury. This is a slightly lower increase than th...
Source: Net Costs Studies 1995–2014 Year 1 Year 2 Year 3 Year 3.5 Total Background information Drop out rate (%) Apprentice salary (£ pa) Salary of fully experienced worker + NI (£ pa) Apprentice productivity (% of skilled worker tasks undertaken by apprentice) ...