Quote:
Originally Posted by Escapee
That means an increase in taxes for me, as I pay employer and employee NI.
At least I have renewed the inside IR35 contract to a nominal 2.5 days a week term to reduce my tax burden. That's what people will do with the tax rises, if they are able to they will reduce the hours and days they work.
I'm also wondering what will happen in large overseas owned companies "for example" where the senior management dictates that the wage bill is not to be increased.
I can only see it resulting in job losses.
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So where else would you get the £22 billion from,? The NHS, increase income tax or vat, cut disability benefits? Cutting employee national insurance was a pre election desperate Tory tax bribe that we couldn't afford. Now we have to pay for their incompetence.