House of Lords Business
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Lord Rose of Monewden to ask His Majesty's Government what assessment they have made of the Bank of England Monthly Decision Maker Panel data for December 2024, which show that, of the businesses surveyed, 54 per cent expect to raise prices, 53 per cent expect lower employment, and 39 per cent expect to pay lower wages than they otherwise would have, following the increase in employer National Insurance contributions; and what action they plan to take as a result of that data.  HL4007

Question HL4007: tabled on 13 January 2025 and due for answer by 27 January 2025

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Question text

Lord Rose of Monewden to ask His Majesty's Government what assessment they have made of the Bank of England Monthly Decision Maker Panel data for December 2024, which show that, of the businesses surveyed, 54 per cent expect to raise prices, 53 per cent expect lower employment, and 39 per cent expect to pay lower wages than they otherwise would have, following the increase in employer National Insurance contributions; and what action they plan to take as a result of that data.  HL4007
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Date Answered

Tuesday 21 January 2025

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Main Member

Lord Rose of Monewden
Conservative
Life peer