The UK economy: A dashboard
This interactive dashboard shows data on economic growth, inflation, trade, employment, government borrowing and debt across the UK.
The main purpose of the National Insurance Contributions Bill 2013-14 is to implement the new Employment Allowance - which allows businesses to claim up to £2,000 from their annual payment of NICs. The Bill also contains a number of miscellaneous measures announced in Budget 2013 relating to the scope of NICs. This note gives an overview of the Bill’s scrutiny to date. It is complemented by a Library Research paper prepared for its Second Reading debate (RP13/60, 20 November 2013).
National Insurance Contributions Bill 2013-14 : Parliamentary scrutiny (152KB PDF)
The main purpose of the National Insurance Contributions Bill 2013-14 is to implement the new Employment Allowance – which allows businesses to claim up to £2,000 from their annual payment of NICs. The Bill also contains a number of miscellaneous measures announced in Budget 2013 relating to the scope of NICs. The Bill received a Second Reading in the Commons on 4 November 2013 and was considered in Public Bill Committee in 4 sittings over two days: 19 & 21 November 2013. Oral evidence was taken at the first two sittings. The Bill was agreed unamended. The Opposition did not move any amendments, and there were no divisions. In the Autumn Statement on 5 December the Chancellor announced that from April 2015 employers will not be required to pay employer Class 1 NICs in respect of the wages they pay to employees under the age of 21 up to the equivalent of the upper earnings limit. Provision for this new relief was added to the Bill at its Report stage.
National Insurance Contributions Bill 2013-14 : Parliamentary scrutiny (152KB PDF)
This interactive dashboard shows data on economic growth, inflation, trade, employment, government borrowing and debt across the UK.
The High Income Child Benefit Charge provides for Child Benefit to be clawed back through the tax system from families where the highest earner has an income in excess of a set threshold, now set at £60,000.
Answers to frequently asked questions relating to banking, credit, mortgages, investments and financial service fraud.