One of the most successful deceits practised by generations of British politicians is the tax which is euphemistically labelled national insurance [contributions].
Workers on PAYE become accustomed to “employee NIC” deductions from pay packets, while the self-employed grapple with payments episodically. Business groups, including the IoD, rightly criticise employer NICs as a “tax on jobs”.
So it […]
IoD director general Simon Walker explains why stability is the key to prosperity