TaxCorporate TaxHays and Robert Walters the latest to slam NI rises

Hays and Robert Walters the latest to slam NI rises

Hays' finance director Paul Venables says the "last thing" the market wants are higher taxes on employment

Leading recruitment companies have become the latest to criticise the
proposed National Insurance rise.

The changes are set to be introduced next April and will see employers and
staff contributions both increase by one percentage point.

Hays and Robert Walters said the Labour Party’s plan would mean the
employment market would remain uncertain, despite “strong growth” in the City,
according to
the
Daily Telegraph
.

Paul Venables, Hays’ finance director, said the “last thing” the market
wanted was further taxes on employment.

Alan Bannatyne, finance director at Robert Walters said:

“Not so long ago, the UK was seen as the fourth most tax-friendly country in
the world – now it’s the 84th according to a recent report.

“From a business perspective that’s very scary.”

Further reading:

UK
results contrast for Hays and Robert Walters

Michael
Page UK revenues better than expected

Tories
and Labour trading election blows on tax

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