Huw Pill warns mixed impact of national insurance policy and minimum wage increases have ‘acute’ result on youth work
The adverse effect of a consolidated rise in companies’ tax obligations and minimal incomes has actually been “especially acute” for youths, the Bank of England’s chief economic expert has warned.Huw Pill stated on Tuesday that the increase in national insurance contributions (NICs) from April in 2015 and the federal government’s efforts to equalise the “national living wage” had actually triggered a specific trouble for youths looking for tasks.
Source: The Guardian