Retailers Urge Chancellor Healey to Reverse 'High Street Tax Raid'
UKPulse Money Desk
The British Retail Consortium has written to the new Chancellor, John Healey, requesting a reversal of what they term a 'High Street tax raid' attributed to his predecessor.
- The British Retail Consortium has contacted Chancellor John Healey.
- The consortium is asking for the threshold for employer National Insurance contributions to be raised.
- The request aims to address job cuts and reverse a 'High Street tax raid'.
Retailers are calling on the new Chancellor, John Healey, to undo what they describe as a 'High Street tax raid' initiated by his predecessor, Reeves. The British Retail Consortium has formally written to Mr Healey, urging him to raise the threshold at which employers are required to pay National Insurance contributions for their staff.
This move by the consortium is intended to 'turn the tide' on job cuts within the retail sector.
Why this matters: The proposed change to National Insurance thresholds could impact employment levels in the retail sector.