Speaking yesterday at the Labour Party Conference in Brighton, Gordon Brown said the National Minimum Wage would increase each year but NICs would rise by 0.5%.
Commenting on the announcement, David Frost, director general of the BCC, said: "As we emerge from the worst recession since World War II, businesses must be given the freedom to create much-needed wealth and jobs. Business must not be caught up in the rush to regulate the excesses of the banks.
"While we support some of the prime minister's commitments, such as investment in innovation, guaranteed minimum wage rises and higher National Insurance Contributions for employers will hinder Britain's return to growth."
