Small biz says tax hikes will hit employment
MacIntyre Hudson finds nine out of ten of 450 small and mid market companies expected employment to suffer because of plans to increase NI contributions
Small businesses have warned that plans to raise national insurance
contributions from employers would hit jobs.
In a study, MacIntyre Hudson found nine out of ten of 450 small and mid
market companies expected employment to suffer if the tax went up, the Daily
Telegraph reported.
The Treasury is hoping to raise an additional £2.65bn from employers and
partly pay for the temporary 2.5 percentage point cut in VAT.