Dismayed business groups warn tax rises will harm recovery

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Phillip Inman

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National insurance hike and surcharge on dividends ignore damage from pandemic, groups say

Business groups reacted with dismay to the government’s national insurance hike and surcharge on dividend income to boost health and social care spending from next April, calling it a tax on jobs and a blow to the economic recovery.

The British Chamber of Commerce (BCC) said the extra financial burden from higher tax charges ignored the damage suffered by thousands of small businesses over the last 18 months.

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