Home Business NI hike leaves hole in Wales' budget – Drakeford

NI hike leaves hole in Wales' budget – Drakeford

by Stephanie

Higher National Insurance payments for doctors, nurses and teachers has left the Welsh government with a £36m hole in its budget, according to the finance minister.

Last year, the UK government increased the amount employers have to pay in National Insurance (NI) with the Welsh government, which employs tens of thousands of public sector workers, left with a £257m bill.

The Finance Minister Mark Drakeford said he had added £36m from Welsh government reserves while the the Treasury provided £185m to help plug the gap.

However, it still leaves £36m to find, which could come from cuts to other services, as Drakeford said the government "cannot afford to cover the entire shortfall".

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