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Written question asked by Lord Taylor of Warwick (Non-affiliated) on Tuesday, 13 May 2025, in the House of Lords. It was due for an answer on Wednesday, 28 May 2025. It was answered by Lord Livermore (Labour) on Wednesday, 21 May 2025 on behalf of the Treasury.


Pay

Question

To ask His Majesty's Government what assessment they have made of the current rate of wage growth; and whether they intend to reassess the current rates at which businesses pay National Insurance contributions on employees.

Answer

The latest data from the Office for National Statistics (ONS) shows that in first quarter of 2025, average weekly pay (including bonuses) across the whole economy grew by 5.5% from the first quarter of 2024.


Secondary information

Type
Written question
Reference
HL7454
Session
2024-26
Subjects
Business Employers' contributions Pay
Link
View this Written question on www.parliament.uk