Merryn Talks Money
Employer NICs Drama and The UK Inflation Slide
Oct 16, 2024
In this engaging discussion, John Stepek, Senior Reporter at Bloomberg and author of Money Distilled, dives into the potential impact of increased employer National Insurance contributions. He explains the recent drop in UK inflation and how one volatile component skewed the data. The conversation also touches on the sustainability of pension policies amid an aging population and contrasting motivations behind economic forecasts. With a mix of humor, they even relate celebrity news to rising inflation trends, making complex topics accessible and entertaining.
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Quick takeaways
- The government's potential increase in employers' national insurance contributions may significantly affect wages and job growth in the UK labor market.
- Recent inflation rates dropped to 1.7%, largely due to falling airfares, challenging traditional forecasting models and highlighting economic unpredictability.
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