Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise
  • OHW+

Personnel Today

Register
Log in
Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise
  • OHW+

Latest NewsEconomics, government & business

National insurance reversal plans for low earners backed by top businesses

by Personnel Today 1 Apr 2010
by Personnel Today 1 Apr 2010

Marks and Spencer, Sainsbury’s and Diageo are among the top UK companies that have backed Conservative plans to reverse the government’s planned national insurance rise for low earners.

In a letter to the Daily Telegraph, 23 of the country’s businesses, which together employ 500,000 people, have endorsed shadow chancellor George Osborne’s pledge to prevent the 1% hike from 2011 for those earning under £45,400 a year.

The bosses of the firms said the 1% increase planned from April next year was a “tax on jobs” and would “endanger” economic recovery.

The letter comes days after the Chartered Institute of Personnel and Development backed the Tory plans for national insurance.

Osborne has claimed seven out of 10 workers would be better off under the plans, saving £150 a year. Employers would also save money through reduced contributions.

Nine of the 23 signatories to the letter are from FTSE 100 companies and five are in the FTSE 250.

Signatories to the letter include Sir Stuart Rose, executive chairman of M&S, and Paul Walsh, chief executive of Diageo â€“ both on the prime minister’s Business Council â€“ as well as Sir Anthony Bamford, chairman of JCB; Sir Christopher Gent, chairman of GlaxoSmithKline; Simon Wolfson, chief executive of Next, and Lord Harris, the chairman and chief executive of Carpetright.

The letter said: “The government’s proposal to increase national insurance, essentially placing an additional tax on jobs, comes at exactly the wrong time in the economic cycle.”

Sign up to our weekly round-up of HR news and guidance

Receive the Personnel Today Direct e-newsletter every Wednesday

OptOut
This field is for validation purposes and should be left unchanged.

Osborne announced the plan to reverse the national insurance hike on Monday. Labour immediately claimed it was an “unfunded promise”.

But businessmen in the letter said: “In the last two years, businesses across the country have cut their costs without undermining the service they provide to their customers. It is time for the government to do the same. Few would argue that the State cannot improve, in the last few years the private sector has improved its productivity by around 20% while productivity in the public sector has moved backwards by 3%.”

Personnel Today

previous post
BBC reward director apologises for ‘deliberately disguising’ top earners from public
next post
Network Rail strike ruling to be made by High Court

You may also like

UK net migration slashed by half in one...

22 May 2025

The Law Society: Navigating the new world of...

22 May 2025

How neuroscience can unlock employee recognition

22 May 2025

HSBC employees warned of office attendance link to...

22 May 2025

Workplace stress: Why it’s time to rebrand resilience

22 May 2025

Restaurant tips should be included in holiday pay

21 May 2025

Fewer workers would comply with a return-to-office mandate

21 May 2025

Redefining leadership: From competence to inclusion

21 May 2025

Pay awards in real terms could fall for...

21 May 2025

Ryanair demands flight attendants pay back salary increase

21 May 2025

  • 2025 Employee Communications Report PROMOTED | HR and leadership...Read more
  • The Majority of Employees Have Their Eyes on Their Next Move PROMOTED | A staggering 65%...Read more
  • Prioritising performance management: Strategies for success (webinar) WEBINAR | In today’s fast-paced...Read more
  • Self-Leadership: The Key to Successful Organisations PROMOTED | Eletive is helping businesses...Read more
  • Retaining Female Talent: Four Ways to Reduce Workplace Drop Out PROMOTED | International Women’s Day...Read more

Personnel Today Jobs
 

Search Jobs

PERSONNEL TODAY

About us
Contact us
Browse all HR topics
Email newsletters
Content feeds
Cookies policy
Privacy policy
Terms and conditions

JOBS

Personnel Today Jobs
Post a job
Why advertise with us?

EVENTS & PRODUCTS

The Personnel Today Awards
The RAD Awards
Employee Benefits
Forum for Expatriate Management
OHW+
Whatmedia

ADVERTISING & PR

Advertising opportunities
Features list 2025

  • Facebook
  • Twitter
  • Instagram
  • Linkedin


© 2011 - 2025 DVV Media International Ltd

Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise
  • OHW+