British Chambers of Commerce says rise in employer national insurance contributions will drag down investment
Business leaders, free-market economists and rightwing MPs have reacted with dismay to Boris Johnson’s national insurance hike, warning the prime minister that he risks losing the Conservatives’ mantle as the “party of business”.
The British Chambers of Commerce said the 1.25 percentage point increase in employer national insurance contributions will drag down business investment this year and risks prolonging the economic damage from Covid-19.
