Commenting on the statement by Chancellor Philip Hammond pausing the rise in National Insurance Contributions for the self-employed, Adam Marshall, Director General of the British Chambers of Commerce (BCC), said:
“The NICs rise, together with the cut to dividend tax-free allowances, was not viewed favourably by entrepreneurs – so this move and pause for thought are welcome. It would be far better to look at business and employment taxation in the round, to ensure that our tax system is competitive and equitable.”
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Notes to editors:
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