The need for every job
National Insurance employers contribution is a tax on job creation and a tax on pay increases.
This is something that has been used to control wage growth in the United Kingdom and is a contributory factor to the low pay culture that we have in our country.
There is no reason in taxing the creation of jobs when we need jobs to reduce the cost of unemployment across the country, and there is no rational logic for maintaining this old fashioned and counterproductive tax.
Exempting businesses with 10,000 or fewer employees from employer's National Insurance would reduce the burdens placed upon small and medium sized businesses completely and would in addition reduce the cost of maintaining those quality wage paying jobs
that employ people in the automotive and steel Industry to name but two.
The Government needs tax revenue but it also needs lower unemployment and if unemployment is best reduced through reducing the cost of employing additional workers then the logical conclusion is to reduce Government imposed costs.
We will need every job we can create to help repay the Covid 19 borrowing.
Oliver Healey. Sent via email.