NIC hike will cause deep economic damage, says think tank
Policy Exchange urges Darling to reconsider National Insurance rise and bring in different taxes instead
Labour plans to raise National Insurance Contributions next year will cause
permanent damage to the UK economy. according to a study from a right-leaning
Policy Exchange believes that a raise in NICs, to be confirmed in the Budget
this week, will cut the economy much deeper and for longer than any other form
of taxation and urged chancellor Alistair Darling to reconsider the hike.