Graham Stuart, Member of Parliament for Beverley and Holderness, has written to GPs and Care Homes across Beverley and Holderness following the National Insurance increase.
During her Budget of Broken Promises, the Chancellor Rachel Reeves announced two key changes for employers: the threshold on employee earnings at which National Insurance is paid by businesses will almost halve from £9100 to £5000, and the National Insurance Rate they pay will increase from 13.8% to 15%.
This means that businesses will have to pay an extra £900 for every worker they employ on the average wage. This is a Jobs Tax which will cost businesses £25 billion, according to the Government’s own figures.
Graham has already heard that some care homes are cutting services like maintenance staff to pay the tax bill, and GPs are looking at whether they can afford to stay open.
Last week Graham wrote to GPs and Care Homes across Beverley and Holderness to ask them what impact the Government’s decision will have on them specifically. He is also chairing a meeting with Holderness Health Primary Care Network and City Healthcare Partnership next week to listen to how they will respond to the increase and how he can help them. Graham knows they’re doing their best to offer care to those in need our area and will fight for their ability to continue to do so.
Graham Stuart MP commented: “Small businesses are the lifeblood of our economy. That’s why they need support from the Government. Unfortunately, Labour has decided to clobber them with its new Jobs Tax. I’m doing my best to see what support we can provide for small businesses across Beverley and Holderness and I will do everything I can to overturn the Chancellor’s decision in Parliament.”