In response to Chancellor Kwasi Kwarteng today announcing that the planned 1.25 percentage point rise in National Insurance will be reversed from 6 November, Shevaun Haviland, Director General of the British Chambers of Commerce commented:
“After months of campaigning, today’s Government announcement to reverse the increase to the National Insurance Contribution (NIC) is a big win for the British Chambers of Commerce and the business community. This is much needed support for businesses during these difficult times.
“There are a range of other challenges that must be addressed including labour shortages, supply chain disruption, and rising raw material costs. Tomorrow’s mini budget from the Chancellor is now a critical moment. To truly revitalise our economy for the difficult months ahead then tomorrow must bring a clear long-term plan that gives business the confidence to grow.”
Find out more on todays announcements HERE