Wage squeeze reignites National Insurance row Business

Business leaders under pressure are increasingly critical of what they see as a high-tax government.

Patrick Dardis, chief executive of the Young’s pubs chain, warned that ‘the National Insurance hike was ridiculous then, now it looks like utter madness’.

He said it was “a terrible decision when businesses, jobs, the economy and millions of ordinary people are brought to their knees”.

Advertising guru Sir Martin Sorrell said ‘this Conservative government is already the highest tax government we’ve had for some time, so it’s anyone’s guess.’ However, given the deficit, “you have to try to balance the books, so you probably have to go ahead with the tax increases.”

A government spokesperson said: “We have supported businesses throughout the pandemic through our nearly £400bn support package, and we will continue to do so.

“The Health and Social Care Levy will provide a necessary and permanent source of funding to support the NHS and fix the welfare system. It is right for employers, who benefit from a healthy workforce, to contribute to the tax so that the costs are more widely shared.

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This notice was published: 2022-02-15 19:28:35

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