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NI rise 'could cost 57,000 jobs'
Business leaders have warned that the Budget's increase in National Insurance Contributions could cost 57,000 jobs.
The Budget did not reverse the 1% increase that will be implemented from April 2011.
However, other measures such as the £2.5bn growth fund for small and medium-sized businesses and an extra 15% of government contracts - worth £15bn - being awarded to SMEs have been welcomed.
The Chancellor also announced that business rates will be cut for one year in October, meaning that half a million small firms should be in line for a tax reduction.
Post Date: March 25th, 2010
The Budget did not reverse the 1% increase that will be implemented from April 2011.
However, other measures such as the £2.5bn growth fund for small and medium-sized businesses and an extra 15% of government contracts - worth £15bn - being awarded to SMEs have been welcomed.
The Chancellor also announced that business rates will be cut for one year in October, meaning that half a million small firms should be in line for a tax reduction.
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Post Date: March 25th, 2010
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