NI rise is job blow

Firms will think twice about hiring after National Insurance hike

CHANCELLOR - Alistair Darling
CHANCELLOR - Alistair Darling

NATIONAL Insurance hikes will stop firms taking on new staff, a survey reveals.

Almost a third of businesses said the 1 per cent rise which comes into force in April 2011 would be a "major consideration" in whether or not they take on staff.

And another 14 per cent said it would PREVENT them employing people.

Nine out of ten firms also told the British Chamber of Commerce poll they had did not think the Chancellor had adequate plans to reduce the nation's £178 billion deficit.

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