coalition

Coalition Must Scrap National Insurance Rise

Coalition Must Scrap National Insurance Rise

Business groups have called on the new coalition government to scrap the planned National Insurance Contributions (NICs) rise entirely or risk deterring firms from recruiting. The Liberal Democrats and Conservatives have agreed to partly ditch next year’s planned one per cent NIC rise, by raising the threshold at which employers start paying NICs by £21 per week ― saving them up to £150 per employee. However, plans to raise employees’ NICs for those earning more than £20,000 will still go ahead. British Chambers of Commerce spokesman, Sam Turvey, said the whole of the employers’ NIC rise should be scrapped. “Under the Labour Government, employers’ class one NICs rate was due to rise from 12.8 per cent as it is currently to 13.8 per cent... »