national insurance

noun

1. (in Britain) state insurance based on weekly contributions from employees and employers and providing payments to the unemployed, the sick, the retired, etc, as well as medical services See also social security

Example Sentences

"The chancellor must quit her slowcoach approach to the economy and finally drop her damaging national insurance hike, which has stifled business and hit high streets up and down the country."

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He said it had been a tough 12 months, which included the budget in October 2024 and national insurance changes.

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They would also levy national insurance on rental income, which, according to a report in The Times, is a measure that has also been considered by the Chancellor Rachel Reeves.

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To fix this, several reports have suggested the government is considering shaking up stamp duty and other property taxes - having repeatedly ruled out raising income tax, employee national insurance or VAT.

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Like other firms, it will have been juggling the impact of inflation and rising costs, including employer's national insurance.

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