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Date:  15/02/2010 11:44:59

 

Pre - Budget Report

 


Reacting to the Chancellor’s Pre-Budget Report, Babs Murphy, Chief executive of the North & Western Lancashire Chamber of Commerce, said:

“The Chancellor’s Pre-Budget Report sets out some good schemes to support businesses – like the extension to the Enterprise Finance Guarantee – but these have been undermined by the announcement of an additional hike to National Insurance Contributions in 2011.

“It’s clear that NIC rises mean a brake on employment growth. While everyone understands the importance of restoring the public finances to a sustainable path, a tax on jobs is not the way to do it.”

"The Chancellor's medium-term growth predictions are optimistic, and we would still like to know where this growth is going to come from if taxes, like National Insurance, go up and directly impact on business."

“Businesses across the country still want to see the detail of how the Chancellor intends to cut the public sector deficit, and ensure more sustainable levels of public spending. Investor confidence depends on it.”


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 PRE - BUDGET REPORT15/02/2010

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