Johnson: We would raise National Insurance instead

first_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof Tags: NULL Johnson: We would raise National Insurance instead Share Show Comments ▼ Tuesday 4 January 2011 7:47 pmcenter_img ALAN?Johnson yesterday indicated a Labour government would hike employer National Insurance contributions (NICs) by three per cent instead of increasing VAT. Labour would need to raise £13.5bn by raising NICs – the same amount that George Osborne’s VAT hike will earn the Treasury annually by 2014-15. It has ruled out any increases in personal taxation, meaning employer NICs would have to rise by three per cent. Johnson also said the Labour party would have imposed a bonus tax on British banks. “People will scratch their heads and think ‘Why are we taking less from the banks who are actually at the heart of the global financial crisis?’” he said. But Justine Greening, the Conservative Treasury minister, said Labour’s “tax on jobs” was not a credible alternative to higher VAT.She said: “All Labour can do is jump on every passing bandwagon.?The shadow chancellor has no idea how to clean up this economic mess.” whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute whatsapp KCS-content last_img

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