The Shadow Treasury Minister in the House of Lords, Baroness Neville- Rolfe DBE CMG, explains why and how the Opposition challenged the Government’s NIC changes in the House of Lords.
In choosing to raise employers’ national insurance contributions as the main mechanism to raise taxes the Chancellor Rachel Reeves took a wrong turn. National insurance is a tax on employment. Increasing it will other things being equal reduce employment or even worse make smaller organisations unviable.
It was also an attack on business especially those dependent on workers at the lower end of the pay scale....
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The Shadow Treasury Minister in the House of Lords, Baroness Neville- Rolfe DBE CMG, explains why and how the Opposition challenged the Government’s NIC changes in the House of Lords.
In choosing to raise employers’ national insurance contributions as the main mechanism to raise taxes the Chancellor Rachel Reeves took a wrong turn. National insurance is a tax on employment. Increasing it will other things being equal reduce employment or even worse make smaller organisations unviable.
It was also an attack on business especially those dependent on workers at the lower end of the pay scale....
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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