Win for business community as NICs increase is reversed

Responding to the Chancellor’s announcement that the 1.25% increase in National Insurance Contributions (NICs) will be reversed from November, Liz Cameron CBE, Chief Executive of the Scottish Chambers of Commerce (SCC), said:

“It is very welcome that the UK Government have acted on the calls of the SCC Network and the Scottish business community for the increase to NICs to be reversed. This has been long-awaited and will help firms struggling to recruit.

“There is undoubtedly more to be done, with tomorrow’s fiscal statement from the Chancellor being the perfect opportunity for the UK Government to put forward a clear-long term plan to support businesses through the cost emergency and beyond. The Chancellor must look at all options and back businesses to drive forward a path to strong growth and investment.”


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