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Calls to cut employer National Insurance contributions for under-25s

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⚡ Instant Key Takeaways (TL;DR)
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Core Development: Calls to cut employer National Insurance contributions for under-25s
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Market & Financial Impact: Yorkshire businesses set out what they want from the chancellor ahead of the Budget.
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Actionable Insight: 🏛️ Policy & Macro: Interest rate, inflation, or regulatory changes affecting broad market valuations.

Aqila Choudhry, who runs a care company in Leeds, said businesses "desperately need no more tax rises"

Businesses across Yorkshire are urging Chancellor John Healey to cut National Insurance (NI) contributions for under-25s in his first Budget.

West & North Yorkshire Chamber of Commerce, which represents 5,000 employers in the region, said the reduction would help tackle the "youth unemployment crisis".

Healey will deliver his first Budget on 28 October, but has refused to rule out tax increases after acknowledging that government borrowing costs were at "historic highs".

Some businesses have told the BBC they were still struggling after the "shock" increases in employers' NI contributions in 2024 and were hoping for tax reliefs.

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Official Publisher Attribution: This report is aggregated from Bloomberg. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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