Businesses will bear the brunt of NIC rise
8 September 2021
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Healthcare
Julian Jessop & Len Shackleton quoted in the Mail Online
8 September 2021
In the Media
Christopher Snowdon writes a letter to the Editor of The Times
9 September 2021
Economic Theory
Annabel Denham quoted in the Daily Mail
The Daily Mail reported that the National Insurance hike to fund social care will gravely damage businesses. Of the £ 37.4 Bn the government expects to raise, analysis by the Mail suggests businesses will be footing £21.8billion of the total bill.
Annabel Denham, IEA Director of Communications, argued that the tax rise will damage businesses and the wider economy: “Higher taxes will reduce demand, discouraging investment and hiring. They will deter entrepreneurship and innovation by reducing the potential gains for risk takers“.
Read the full article here.
Annabel Denham, IEA Director of Communications, argued that the tax rise will damage businesses and the wider economy: “Higher taxes will reduce demand, discouraging investment and hiring. They will deter entrepreneurship and innovation by reducing the potential gains for risk takers“.
Read the full article here.
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