Proceeding contribution from David Gauke (Conservative) in the House of Commons on Thursday, 13 January 2011. It occurred during Debate on bill on National Insurance Contributions Bill.
National Insurance Contributions Bill
That is the same Federation of Small Businesses that said that the Labour party's policy to increase national insurance contributions would cost about 52,000 jobs just among its own members. We have touched on the fact that labour markets are much bigger than ward, borough or constituency boundaries. It is not quite clear what the Labour party would do if it were to extend the scheme. Its policy seems to be that it would remove the scheme from some parts of the regions that would currently benefit. It is not quite clear how the Labour party would do that. I do not know—perhaps the right hon. Member for Delyn could explain—whether the plan is that the scheme would be available in Flint but not in Prestatyn. I am not quite sure what the Labour party has in mind. Perhaps it thinks that the scheme should be available in Oldham but not in Saddleworth. I really do not know what the Labour party wants to do with the scheme, but it clearly wants to increase national insurance contributions, not to reduce them, despite what we have heard this afternoon. The NICs holiday is targeted at regions and countries with the highest proportion of public sector dependence, to encourage new businesses to start up and take on employees. Expanding the holiday to the whole economy would undermine the policy rationale. I therefore ask the right hon. Member for Delyn to withdraw the amendment.
Secondary information
- Type
- Proceeding contribution
- Reference
- 521 c503
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Business Employment Finance Greater London Increases National insurance NHS National Insurance Fund Public sector National insurance contributions New businesses VAT Take-up South East East of England
- Legislation
- National Insurance Contributions Bill 2010-12
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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