TaxCorporate TaxVAT rise on the cards to pay for NI costs

VAT rise on the cards to pay for NI costs

Debate goes on over paying for changes to National Insurance

Peter Mandelson

The row over Tory plans to reverse the planned increase in National Insurance
contributions continued yesterday when business secretary Peter Mandelson said
it could only be paid for through a rise in VAT.

In a campaign email Mandelson accepted that a rise in NI was not popular but
insisted it was necessary.

Labout believes the Tory commitment to cut back on the rise 1% rise is only
costed for one year, according to
The
Guardian
.

None of the three main parties has yet been explicit about VAT after an
election, expected to be called this morning for 6 May.

Read more:

Business
giants back NI cut

NI
hike is damaging, says think tank

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