The bosses, all of them on over a £1million salaries, of some of the UK’s big businesses back the Tory plan to cut the increase in National Insurance contributions, calling it a ‘Tax on jobs’.
Well it is a tax on jobs or rather, a tax on each person employed but let us put it in perspective for goodness sake. It amounts in most cases to less than a fiver per week per employee and if a company paying out over £20,000 per worker can’t afford an extra fiver then either that company is in deep doo doo and unlikely to survive anyway or they fear having to cut down on executives bonuses or a tiny reduction in shareholders dividends. Either way it’s no reason to cut this small increase in order to help pay off our national debt and help to maintain our public services.
By the way, these business leaders are probably made up of the same leaders who squealed in 1997 at the very mention of a National Minimum Wage, crying that it was a ‘tax on jobs’ and would bring about the downfall of the whole economy. It didn’t though, did it?