SNP joins opposition to National Insurance hike

Laura Miller
clock

The Scottish National Party (SNP) will oppose Labour's planned 1% National Insurance (NI) rise because it says this would delay efforts to get people back to work.

Scottish Nationalist leader Alex Salmond borrowed the language of the Tories to describe the hike, calling it a "tax on jobs". Salmond's opposition to the 1% increase - a key part of the Government's policy going into the Election - could unsettle Labour's economic plans in the event of a Hung Parliament. The SNP leader - who is standing down from Westminster at the election - says a Hung Parliament would be the "best thing for the people across these islands". However, Salmond pledged the SNP would not enter a coalition with any of the main UK parties as it had "fundamentally diff...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

'Discussion-worthy stuff': Chinese assets under pressure

'Discussion-worthy stuff': Chinese assets under pressure

China has an 18% share of global GDP and only a 3% MSCI ACWI weighting

Chris Justham
clock 02 April 2024 • 2 min read
Why investors 'can't outrun' slow-moving demographics

Why investors 'can't outrun' slow-moving demographics

'Demographic change is a key megatrend'

Darius McDermott
clock 07 March 2024 • 5 min read
Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

British ISA, Office for Budget Responsibility, tax cuts

Valeria Martinez
clock 07 March 2024 • 4 min read