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14th April 2010
Job losses due to N.I. increase
Chancellor Alistair Darling has denied Conservative claims that Labour's planned rise in National Insurance would lead to job losses.
He said he believed the economy would be growing - and new jobs being created - by the time of the increase in 2011.
But the Tories have pledged to cancel the bulk of the hike and say they have no plans to introduce any other tax rises, including on VAT, if elected.
The Liberal Democrats said the Tories were "treating people like fools".
Under Labour plans, National Insurance (NI) contributions for both employees and employers would increase by 1% from April 2011.
But if they win the election, the Tories plan to scrap the rise for anyone earning less than £45,400 a year, and also reduce the tax burden on firms.
Source: The BBC
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