Network Rail faces extra £213m National Insurance hit

Network Rail faces extra £213m National Insurance hit

Network Rail will take an additional £213m hit over the next few years from the National Insurance tax hikes announced in Rachel Reeves’ Autumn Budget, it has been revealed. The figure marks a 16 per cent increase on a previously expected payout of £1.26bn over the remaining four years of its current financial control period. Control Period 7 started in April last year and runs until the end of March 2029. Network Rail has committed more than £4…