Badenoch pledges to halve employers’ NI contributions for younger workers

In a bid to stimulate the labor market, Badenoch has promised to cut National Insurance contributions for employers hiring workers aged 21 to 24 by half. The Tories estimate this initiative will cost £2.3bn, but they argue that the savings from increased tax revenues and reduced welfare spending will offset this expense. This move is seen as a key strategy to boost employment among younger people and address the broader economic implications of youth unemployment.