The long-rumoured increase will see businesses pay more towards their employees' pensions, increasing from 13.8% to 15%.
Angharad Carrick is a Reporter at MailOnline and This Is Money. She covers a range of topics including finance, personal finance, and consumer travel, with a focus on markets, cryptocurrency, and retail trends. Angharad's work has been featured in prominent outlets such as MailOnline and This Is Money.