Quote:
Originally Posted by nomadking
If each stage in a chain has their costs increased by NI, then those links add up. Eg 0.2% increase in costs in one stage, might not look too bad, but after 5 of those stages you get a 1% increase by the last stage
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And, of course, it's not just the increases of employer NI behind it.
Do not forget that whilst households have had a bit of insulation from rising power prices, most of industry has not. And then there is the government edict that employers increase their wages to at least The Minimum Wage. And fuel costs.
It all "trickles down" to consumers in the end, to make them poorer, not richer.
But at least HMG profits from it all by higher VAT, NI and Income Tax receipts.
