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national insurance
noun
- (in Britain) state insurance based on weekly contributions from employees and employers and providing payments to the unemployed, the sick, the retired, etc, as well as medical services See also social security
Example Sentences
It comes amid growing backlash from business owners who warn rises in employers' national insurance contributions and the National Living Wage will push up costs for business which employ lots of low-wage workers.
The party knows the decisions, particularly to whack billions on employers’ national insurance, have caused some anxiety among some voters.
The questions now are whether the Scottish government will know the details before it sets its 2025-26 budget in December and whether the extra cash will “fully” offset the impact of higher national insurance costs.
It said the £600m in funding was "a drop in the ocean compared to the staggering £2.4bn in rising costs associated with wage increases and employer national insurance contributions".
The party had promised in its manifesto that it would not increase taxes on working people - explicitly ruling out a rise in VAT, national insurance and income tax.
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