The newly formed coalition government has been urged to withdraw the planned National Insurance rise by David Frost, director general of the British Chambers of Commerce (BCC).

“They [the government] must follow through on their promise to roll back the planned employer National Insurance rise in any emergency Budget.
 
“The next 90 days are crucial for recovery. We need concrete proposals to reduce red tape and tax burdens on business; action to move the economy away from consumption and the public sector and towards exports; and commitments to improve Britain’s key business infrastructure.”

Adrian Marlowe, chairman of the Association of Recruitment Consultancies (ARC), adds: “Now that Liberal Democrat MP Vince Cable has been given the role of overseeing banking and business, it is important that he pushes forward his party’s manifesto commitment to reduce the burden of unnecessary red tape by properly assessing the cost and effectiveness of regulations before and after they are introduced.”