#ScrapTheJobsTax: Scrap the proposed rise in national insurance this April
#ScrapTheJobsTax: Scrap the proposed rise in national insurance this April
Why this petition matters
The government is planning to increase the rate of National Insurance paid by working people, and by their employers in April 2022. This will make the cost of living crisis worse by reducing take-home pay. It's a tax on jobs, causing businesses to employ less people.
The Treasury has said the economic effect will be “significant” just when we need the economy to recover. It will hurt companies the hardest that have suffered most recently, like leisure and hospitality.
Businesses will have to pay regardless of whether they are profitable, increasing their costs and pushing up the prices they charge, making inflation even worse.
I'm the chief economist for the Institute of Directors and so I know how badly this increase will hit businesses and working people. Our members tell us they are really concerned about the proposed increase, and that it might put pressure on jobs too.
The Government still has an opportunity to turn this around before April - but we need to show them how urgent this is. That's why I'm calling on the Government to #ScrapTheJobsTax and asking everyone to join the campaign.
Please sign and share using hashtag #ScrapTheJobsTax!
Decision-Makers
- Rt Hon Rishi Sunak MPChancellor of the Exchequer