A survey carried out by the Institute of Directors (IoD) has found that three in ten businesses plan on employing fewer people as a result of the increase in national insurance contributions (NICs). Last month Prime Minister Boris Johnson announced plans to supply an additional £12 billion per year for …
Business groups warn over tax increases
Business groups have warned that the government’s plan to raise national insurance contributions (NICs) and add a surcharge to dividend income will hamper the economic recovery. The government has announced a 1.25 percentage point increase in NICs to pay for increased spending on health and social care. It has also …