Of the 1,000 companies surveyed by the EEF, 53% stated they would reduce staff levels in response to the one per cent rise in national insurance contributions announced by the chancellor in the last Budget.
Director general of the EEF, Martin Temple said his worst fears had been confirmed by the survey, saying the NIC increases was ‘yet another cost’ on top of rising insurance premiums, increased pensions and the climate change levy.
‘The government is playing a very dangerous game with manufacturing jobs and its future competitiveness,’ he said.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements