no NICs rise petition

SMEs Sign “no NIC rise” Petition

SMEs Sign “no NIC rise” Petition

Business groups have called on small firms to sign an online petition demanding that the Government scraps its planned National Insurance Contributions (NICs) rise in April 2011. As part of its efforts to shrink the large public spending deficit, the Government intends to raise NICs by 1 percentage point in April 2011. But the decision has angered business leaders who see it as a “tax on jobs”, which could jeopardise an upturn in the labour market by discouraging businesses from taking on new staff. The British Chambers of Commerce, the Federation of Small Businesses (FSB), the Confederation of British Industry and the Chartered Institute of Personnel and Development (CIPD) are among the organisations all opposed to the increase. “We urge the Government to work with busin... »