of the year, irrespective of the price cap changing in april, which will get announced in a week s time. can i mention one group of workers who are going to be slaughtered by this? which is contractors, temporary agency workers who are working through what is called umbrella companies, so they are not directly employed by the construction companies. you know, these contracts are rife hospitality, all of these kind of gig economyjobs. if you are an umbrella company worker, because of a quirk in the tax laws and the way these arrangements are structured, you have to pay the employee s national insurance and the employer s national insurance out of your headline rate. so somebody on £50,000, if they re a normal worker, they will be facing a national insurance rise of about £500 from april per year. but for an umbrella company worker, it s going to be double that, more than £1,000. and these are insecure types of employment and these people have no idea that these huge rises are comin
if you are an umbrella company worker, because of a quirk in the tax laws and the way these arrangements are structured, you have to pay the employee s national insurance and the employer s national insurance out of your headline rate. so somebody on £50,000, if they re a normal worker, they will be facing a national insurance rise of about £500 from april per year. but for an umbrella company worker, it s going to be double that, more than £1,000. and these are insecure types of employment and these people have no idea that these huge rises are coming down the tracks. it s interesting. clearly, this is going to be a real hit for a lot of people, but when you ask the government about it, when they say they have to find the money somehow for the nhs and social care, and secondly, government ministers say actually, average wages have been going up. the minimum wage is going up. they have also changed the taper rate on universal credit so there is a bit more generosity into the top up