Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • 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
    • Shared parental leave
    • Redundancy
    • Maternity & Paternity
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
    • OHW Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

Personnel Today

Register
Log in
Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • 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
    • Shared parental leave
    • Redundancy
    • Maternity & Paternity
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
    • OHW Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

Economics, government & businessLatest NewsJob creation and losses

National Insurance rise will cost jobs, senior Treasury minister admits

by Personnel Today 9 Apr 2010
by Personnel Today 9 Apr 2010

National Insurance (NI) rises will cost jobs, the senior Treasury minister has admitted.


Stephen Timms, the financial secretary to the Treasury, said the 1% rise set to take place in April 2011, would have an “impact” on employment, although the effect would be “limited”.


Timms’ comments contradicted those of chancellor Alistair Darling last week when he said there would be no job losses as a result of the rises, the Daily Telegraph reported.


The Federation of Small Businesses has said the NI increase would cost 57,000 jobs among its members, while the British Retail Consortium has warned the proposal would cost the retail sector £220m a year.


Meanwhile, the boss of Marks and Spencer (M&S) accused Gordon Brown of treating 60 leading business figures as “dupes” over the letter they signed supporting Conservative plans to stop the NI increases, which they referred to as a “tax on jobs”.


Brown said the employers had been deceived by the Tories.


Stuart Rose, the chairman of the high-street retailer, said the prime minister had insulted the intelligence of business leaders in the row over their opposition to the planned rises.


Rose said: “I don’t think it’s helpful to dismiss 60 people saying we are dupes. If I had been the prime minister I might have said ‘I don’t agree with them, they are entitled to their point of view, let’s have a debate about it’. I would not just say that they have been misled. To mislead one person is possible – to mislead 60 is quite difficult.”


He added: “As the people directly responsible for paying taxes in all sorts of forms, but particularly this form, we see [the proposed NI increase] as a barrier on new jobs, and that is what we wanted to highlight.”


Rose said that the NI increase would cost M&S £10m a year.


Another 13 business leaders have now backed Conservative plans to reduce the proposed rise, taking the number who have signed a letter sent to 81.

Avatar
Personnel Today

previous post
Immigration changes could lead to skills exodus in UK, experts warn
next post
Up to 40,000 public sector jobs could go in 2010-11 under the Conservatives

You may also like

P&O Ferries boss denies reputational damage after mass...

27 May 2022

Why Can’t Managers Manage? Chris Roebuck talks to...

27 May 2022

Parliament launches UK labour market inquiry

27 May 2022

Menopausal worker loses sex and disability discrimination claim

27 May 2022

Employers must help employees ‘flourish’ post-pandemic

27 May 2022

Age remains a barrier to upskilling finds research

27 May 2022

‘Inequality is embedded in our labour market’ says...

27 May 2022

More than £1bn of upskilling loan money has...

26 May 2022

Monkeypox advice for employers: working from home and...

26 May 2022

Davos 2022: Upskilling workers necessary to overcome business...

26 May 2022
  • Strathclyde Business School expands its Degree Apprenticeship offer in England PROMOTED | The University of Strathclyde is expanding its programmes...Read more
  • The Search for Talent: Six Major Employer Pitfalls PROMOTED | The Great Resignation continues unabated...Read more
  • Navigating the widening “Skills Confidence Gap” in 2022, and beyond PROMOTED | Cornerstone OnDemand conducted a global study...Read more
  • Apprenticeships are the solution to your recruitment problems PROMOTED | Apprenticeships have the pulling power...Read more
  • What it really means to be mentally fit PROMOTED | What is mental fitness...Read more
  • How music can help to ease anxiety at work PROMOTED | A lot has happened since March 2020, hasn’t it?...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 2022

  • Facebook
  • Twitter
  • Instagram
  • Linkedin


© 2011 - 2022 DVV Media International Ltd

Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • 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
    • Shared parental leave
    • Redundancy
    • Maternity & Paternity
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
    • OHW Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+