The Chancellor’s National Insurance raid will add an extra £1.4billion to wage bills in the already struggling voluntary sector, forcing bosses to decide whether to lay off staff or axe vital services.
Exclusive analysis by The Mail on Sunday shows that following Ms Reeves’ hikes, charities will hand over a total of £6.3 billion in National Insurance payments to HMRC next year – which is equivalent to 45 per cent of the £13.9 billion donated by the public.
Shadow Paymaster General Richard Holden called the Chancellor ‘a modern-day Grinch’ – the mean-spirited Dr Seuss character who steals a whole town’s Christmas gifts.
‘With her new National Insurance jobs tax
snatching cash donated to those in need, she is dipping her hands deep
in every charity collecting tin,’ he added. ‘People will be forced to
rethink their generosity.’....<<<Read More>>>....
