CBI REACTION TO CONSERVATIVE PLANS ON EMPLOYERS NATIONAL INSURANCE CONTRIBUTIONS
The CBI has reacted to the Conservatives' proposals to reduce the planned rise in employers National Insurance Contributions (NICs).
The CBI had already called for the proposed increase to be reversed.
Richard Lambert, CBI Director-General, said: "The Conservatives plan to reduce next years increase in employers NICs is welcome, and will help large and small businesses alike.
"NICs are a tax on jobs and increasing them is a bad idea when we want to promote job creation. We continue to call for the proposed increase to be cancelled entirely, as and when action on the public finances makes this possible."