Nationwide Insurance coverage tax hike to hit UK apprenticeships, warns FSB

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The Federation of Small Companies (FSB) has known as for the federal government to scrap its nationwide insurance coverage tax hike amid falling numbers of apprenticeships.

The UK’s largest enterprise group has warned that larger employment taxes will discourage companies, which pay the vast majority of nationwide insurance coverage contributions (NICs) for UK apprentices, from coaching staff. The variety of folks beginning apprenticeships has already tumbled from 500,000 in 2017, earlier than the introduction of the apprenticeship levy, to below 325,000 this 12 months, the group warned.

“By wanting once more at its strategy to NICs, the Authorities could make an actual distinction right here – straight, by bringing down the speedy prices of taking an apprentice on, and not directly, by liberating up extra funds for recruitment and coaching at a second when money reserves are depleted,” stated FSB chair Mike Cherry.



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