National Insurance increase: What it means for Londoners

<p>There’s another blow in the cost of living crisis. From today the National Insurance increase comes into effect. It means that workers, businesses and the self-employed will now pay an extra 1.25p in the pound.&nbsp;</p><br><p>The Evening Standard’s Consumer Business Editor, Jonathan Prynn, explains what this all means for Londoners who are already feeling the pinch.&nbsp;</p><br><p>Today we talk about:</p><ul><li>The changes coming in today (01:17)</li><li>What it means for Londoners (03:10)</li><li>Should we be preparing for any other upcoming price increases, taxes or other costs? (07:10)</li></ul><p><br></p><p>For the latest news follow us on<a href="https://twitter.com/EveningStandard" rel="noopener noreferrer" target="_blank"> Twitter</a> @EveningStandard</p><br /><hr><p style='color:grey; font-size:0.75em;'> See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>