Call to Review NICs Hike as More Than 100,000 Jobs Are Lost

Over 100,000 jobs lost – The cost of rising National Insurance on employers

The release of the latest employment data should serve as a wake-up call for business owners. Over 100,000 jobs were lost in May, the worst figure in four years, with hospitality, tech and retail bearing the brunt. One of the biggest factors contributing to these figures is unquestionably the 1.2 per cent rise in Employers’... The post Over 100,000 jobs lost – The cost of rising National Insurance on employers appeared first on Clay Shaw Thomas.

Employers face hiring strain as National Insurance changes start to bite

The latest employment figures paint a sobering picture. Recent labour market data shows a sharp drop in job numbers, with over 100,000 payroll positions lost in May alone. It is the largest single-month fall in four years, and it is not happening in a vacuum. Sectors like hospitality, retail and technology are seeing the heaviest losses. While several factors are at play, the timing points clearly the increase in Employers’ National Insurance co…

The UK Labor Market is Edging Closer Towards Recession

May’s job numbers showed a rapid deterioration of the U.K. labor market following the dramatic surge in employer costs due to the rise in the minimum wage and National Insurance Contribution (NIC). While these preliminary job numbers will most likely see some upward revisions in the coming months, the current trend is quite clear. From

UKH calls for NIC rethink as 100,000 jobs lost in May

UKHospitality has called for the increase in employer National Insurance Contributions (NICs) to be reconsidered, as new figures from the Office for National Statistics (ONS) indicate that more than 100,000 jobs were lost in May as a direct result.  The Labour Market Overview, which was published today (11 June), estimates a decrease of 109,000 payrolled employees in the UK compared to April. The figure exceeds earlier forecasts from the Office …

100,000 Jobs lost since April Cost Increases – Scottish Business News

New ONS data reveals job losses have exceeded independent and market estimates, following the hike to employer NICs in April. The Labour Market Overview, published today by the ONS, estimates the number of payrolled employees in the UK in May 2025 decreased by 109,000, compared to the month before. This loss of jobs exceeds predictions from both the Office for Budget Responsibility (OBR) and a major bank. The OBR originally predicted the changes…

Call to Review NICs Hike as More Than 100,000 Jobs are Lost

UKHospitality has called for changes to employer NICs to be reviewed in the wake of a dramatic fall in the number of payrolled employees. The Labour Market Overview, published by the ONS, estimates the number of payrolled employees in the UK in May 2025 decreased by 109,000 compared to the month before. This loss of jobs exceeds predictions from both the Office for Budget Responsibility (OBR) and a major bank. The OBR originally predicted the ch…