Living Standards

Part of Treasury – in the House of Commons at on 3 December 2024.

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Photo of Graham Stuart Graham Stuart Conservative, Beverley and Holderness

Can the Minister confirm that of the £26.4 billion tax rise through the increase in employer NICs, £19 billion will come directly out of people’s pay packets? Secondly, can he confirm that the net amount that the Treasury will actually get from that £26.4 billion after behavioural change and public sector compensation is just £11 billion?