§ Q112. Mr. Sayeedasked the Prime Minister what assessment Her Majesty's Government have made of the relative effects of marginal changes in (a) income tax thresholds and (b) the employers' national insurance contribution upon job creation.
§ The Prime MinisterAny quantitative assessment would depend upon assumptions about other developments in the economy. But to the extent that income tax thresholds could be raised or employers' national insurance contributions reduced within the context of the medium term financial strategy, both could be expected to have a beneficial effect on job creation.