NI tax rise hits workers harder than employers, says watchdog OBR

Workers will take most of the hit from the upcoming increase to employers' National Insurance (NI) contributions, the government finances watchdog has said.At the Budget, Chancellor Rachel Reeves said employers will pay NI at a rate of 15% on salaries above £5,000 from April, up from 13.8% on salaries above £9,100.The Office for Budget Responsibility (OBR) has calculated that three quarters of the impact would be…