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NI Cut – Is Cameron Right? October 20, 2008

Posted by liverpoolchamber in News.
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Conservative leader David Camereon has today propsed a 1p cut in National Insurance. The move is designed to help small businesses with four or fewer employees. He says it could save them up to £600.

From the BBC article:

Mr Cameron … said he wanted a six-month VAT holiday for small and medium-sized firms and called on local authorities to pay small businesses within 20 days for their services, rather than 30

For Labour, Chief Secretary to the Treasury Yvette Cooper said she was confused over how the Tories planned to pay for the national insurance cut.

She told BBC Radio’s Five Live increasing tax elsewhere in the business system “seems to me like putting taxes up”.

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