[Escapee]

It's going to cost the worker.

My (very) quick calculations are that a small business employing someone on minimum wage for a 37.5 hour week will have to find another £998.65 per year to fund the wage increase and employers NI increase.

Imagine how much the NI increase is going to cost for larger employers. Just the reduction of the £9100 threshold to £5000 itself will cost the business £492 for every employee.

Ultimately it's going to cost employees, it will result in lower wage rises and lower down the wage chain it will cost jobs.

Now I'm part time at least the NI increase is only going to cost me around £1200 per year Ouch.