Retailers urge Healey to unwind national insurance hike to boost jobs

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Retailers have faced £6bn in extra hiring costs (Matthew Horwood/PA Wire) Retailers have called on Chancellor John Healey to unwind some of the national insurance reforms made by his predecessor in a ...

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Recent hikes to the national minimum wage have piled a further £4.1bn onto the sector, according to the trade body.The Consortium has urged Healey to push the NICs threshold back up to £6,000 at next month’s Budget to encourage retailers to hire more young people. \n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThe government has faced huge pressure in recent months to tackle the crisis of youth unemployment. Nearly 1m young people in the UK are not in employment, education or training (Neet). \n\n“The Chancellor can turn the tide on unemployment and tackle the Neets crisis that is robbing a generation of young people of opportunity,” said BRC chief executive Helen Dickinson. Healey urged to slash retail taxesThe retail sector has shed 115,000 jobs in the past two years, according to the trade body’s research, which found that nearly a quarter of young people get their first jobs in the sector.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}