Responding to the Conservatives’ proposal to roll back planned increases in National Insurance, David Frost, Director General of the BCC, said:

“George Osborne’s commitment to roll back NICs increases for employers is an important step in the right direction. However, the job is not yet done. Despite these positive proposals, companies up and down the country will still face higher costs to keep people in work from April of next year.

It is nonsensical for any Government to ask the private sector to drive economic recovery and create jobs while simultaneously raising direct taxes on employment. To secure the recovery, we must completely eliminate this damaging ‘tax on jobs’.”