Oldham Lib-Dems - Local workers will be 'more than £2,000 worse off' over the next decade following Labour Government NI hike

Workers in Oldham can expect a £364 hit in 2025-26, and by 2030 they will have lost out on £2,276 in total, according to the Lib-Dems

The average worker in Oldham Borough will be £2,276 worse off over the next decade because of the Labour Government’s hike in National Insurance - insist the Oldham Liberal Democrats. 

Research from the Lib-Dems has revealed that employers have simply passed the increased contributions that the government has asked for right back onto their employees as they have no other reasonable choice.

Oldham Liberal Democrat Leader, Councillor Howard Sykes MBE, said: “Keir Starmer’s Government were warned that their National Insurance hike would be passed on to ordinary working people. 

"It’s small businesses and individual workers who will carry the costs, not the big businesses.” 

Workers in Oldham can expect a £364 hit in 2025-26, and by 2030 they will have lost out on £2,276 in total. 

Analysis of the government’s National Health Insurance rise has shown that of the £25.7 billion in extra tax expected from employers across the country, around £19.5 billion a year will get passed on to workers by the end of the decade.

Councillor Sykes said: “If the Government isn’t careful, we could be facing an epidemic of boarded up shop fronts and empty high streets as family incomes take a battering. 

"Labour must immediately scrap their jobs tax and overhaul the broken business rates system to unleash the potential of our high streets and small businesses.”

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