Chip shop owner in Torquay says National Insurance rise will cost her £70,000 annually

A fish and chips shop owner in Torquay, Lorraine Arnold, says changes to National Insurance will cost her £70,000 annually. The increase, starting next year, adds over £700 per employee, impacting her ability to hire seasonal staff. Chancellor Rachel Reeves acknowledged the rise in employers' National Insurance contributions is significant but necessary for funding public services. The changes will generate £25 billion a year, with employers bearing more than half of the tax increases. Arnold expressed concern that the financial burden may force her to alter her business model, potentially leading to fewer hires and a smaller workforce.