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Tuesday, 2 March 2010

Chamber urges businesses to support petition against NI rise


By Brian Sloan, Head of Business and Economic Policy at Greater Manchester Chamber

The Chamber is encouraging businesses across the area to add their names to a national petition calling on the government to abandon its plans for a 1 per cent rise in Employer’s National Insurance contributions next April.

The petition set up by a coalition of some of the UK’s leading business groups aims calls for the 1 per cent employer National Insurance Contributions increase - planned for April 2011 - to be scrapped.

Greater Manchester Chamber of Commerce has estimated that the proposed 1 per cent increase in Employer’s National Insurance Contributions in April 2011 will cost businesses across Greater Manchester around £120m a year. The proposed rise is already causing businesses to rethink their recruitment plans, so not only is this a tax on jobs it is undermining the recovery. The £120m might alternatively be used by businesses for investment to help Britain compete as the global economy recovers.

The petition, can be found in full at the dedicated website www.no-nics-rise.co.uk

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