Defer National Insurance contributions
CATHERINE FAIRHURST, Liverpool tax partner at Ernst & Young, said the Chancellor should think of ways to encourage businesses to take on more staff. "Building on the approach adopted in previous recessions, a deferral of national insurance contributions for employers could be enough to persuade struggling businesses to retain staff," she said. "This, in turn, would reduce the number of people claiming benefits and would keep salaries circulating throughout the UK marketplace.
"To encourage recruitment of new staff, the Chancellor could also implement a ‘holiday’ from employers’ National Insurance for the first six months of a new post."
Tax cuts for all is not a practical idea >>>
