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Wages decline at small firms amid national insurance hike
Paisley Daily Express
|April 23, 2025
RECENT analysis indicates that wages for staff at SMEs (small and medium-sized enterprises) diminished towards the end of March, as these businesses struggled with the ramifications of Chancellor Rachel Reeves’ national insurance tax increases.
The Office for National Statistics recently released data showing wage growth across the UK economy has been over 5% every month since September of the previous year.
However, specifically, workers at smaller companies are feeling the effects of the government's £25 billion taxation measures.
This is highlighted by figures from the HR platform Employment Hero, which were provided exclusively to City AM, revealing a decline in median full-time pay across 105,000 SMEs.
This story is from the April 23, 2025 edition of Paisley Daily Express.
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