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Next CEO uses Lords status to lodge amendments to NI bill
Lord Wolfson is supporting the phasing in of the changes proposed in the budget amid growing concerns over rising business costs and job cuts
The CEO of Next, Lord Wolfson, has reportedly used his position in the House of Lords to table amendments aimed at phasing in the upcoming changes to employers’ national insurance contributions, The Times has reported.The measures outlined in the budget will see employers’ national insurance contributions rise from 13.2% to 15% from April, while the secondary threshold at which employers begin to pay national insurance will fall to £5,000 a year, down from £9,100 a year.
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