Key Points From the Pre-Budget Report

Summary


National insurance (NI) to be raised by 0.5% from 2011, although no-one earning less than pounds 20,000 will pay any more in contributions.

Manufacturers organisation EEF described the move as "a further tax on employment" that would do little to help companies create jobs.

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Extract


Key Points From the Pre-Budget Report

VAT rate (currently 15%) to return to 17.5% on January 1. Steve Cochrane, owner of Mi...

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