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Reform Pledges Tax on Hiring Foreign Workers to Cut National Insurance

The Reform party has announced plans to introduce a tax on companies hiring foreign workers, in an effort to reduce the National Insurance contributions paid by employers on their British staff.

  • Reform UK proposes taxing companies that hire foreign workers to cut NI contributions for British employees
  • Estimated £11.2bn cost to Treasury would be covered by levy on foreign staff
  • Policy aims to favour British workers and reduce reliance on migrant labour

The Reform Party has ignited a heated debate over immigration and job prospects for British workers, unveiling a proposal to tax companies on hiring foreign staff in a bid to reduce National Insurance (NI) contributions. This move, they claim, would enable them to reverse the NI rise imposed last year, providing a welcome relief to thousands of low- and middle-income earners.

Under the proposed levy, employers who hire foreign workers would be required to pay a tax based on wages, with companies employing lower-paid staff facing higher charges. Treasury officials indicate that full-time minimum-wage earners could incur an annual £3,750 fee, while those earning upwards of £50,000 might expect to pay no more than £1,500.

The policy's impact would likely be most pronounced in sectors such as retail, hospitality, and manufacturing, where foreign workers are often employed. Reform UK argues that the measure would compel companies to prioritize British job seekers over overseas recruits, thereby addressing unemployment among domestic workers.

Critics, however, have accused the party of announcing uncosted promises aimed at garnering votes in the forthcoming Makerfield by-election. Conservative shadow chancellor Sir Mel Stride dismissed the policy as a collection of 'gimmicks and headlines' devoid of any concrete plan for government implementation.

Why this matters: This policy has significant implications for UK businesses, particularly those in sectors that rely heavily on migrant labour. It also raises questions about the impact on foreign workers and the potential consequences for the UK economy.

What this means for you: What this means for you: If you're an employer in a sector that relies on migrant workers, this policy could have significant implications for your business. You may need to consider adjusting your hiring practices or increasing salaries to recruit British staff.

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