Oldham Lib-Dems - Local workers will be 'more than £2,000 worse off' over the next decade following Labour Government NI hike
The Oldham Liberal Democrats claim that local workers will be over £2,000 worse off in the next decade due to Labour's National Insurance hike, with costs being passed onto employees by employers.
Oldham workers will lose £2,276 each over the next decade as employers pass Labour’s National Insurance increases directly onto their pay packets, the town’s Liberal Democrats have revealed.
New research by the party shows local employees face a £364 hit in 2025-26 alone, with the total financial impact reaching £2,276 per worker by 2030. The analysis indicates that of the £25.7 billion in extra employer contributions expected nationwide, approximately £19.5 billion annually will effectively be transferred to workers through reduced wages.
“Keir Starmer’s Government were warned that their National Insurance hike would be passed on to ordinary working people,” said Oldham Liberal Democrat Leader Councillor Howard Sykes MBE. “It’s small businesses and individual workers who will carry the costs, not the big businesses.”
Councillor Sykes warned the policy could devastate the borough’s economy: “If the Government isn’t careful, we could be facing an epidemic of boarded up shop fronts and empty high streets as family incomes take a battering. Labour must immediately scrap their jobs tax and overhaul the broken business rates system to unleash the potential of our high streets and small businesses.”
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