CBI calls for cut in national insurance contributions
The CBI has called on the government to raise the threshold for employee NICs; this could provide an extra £180 p.a. per employee.
This is one of a list of recommendations proposed in the CBI’s new report A Better-Off Britain.
The CBI believes a cut in NICs would give immediate help to those on the lowest incomes and recommends the threshold be raised to £10,500, the planned level of the income tax personal allowance in 2015-16. For the longer term, the report recommends also reducing employer NICs to provide scope for job creation and pay rises.
Date: 12th December, 2014
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