Chancellor admits that NI rise may affect jobs

The chancellor has admitted that the proposed rise in National Insurance Contributions may have a negative impact on jobs.
IT contractors may find work harder to come by if proposals to increase employers' National Insurance contributions from 12.8 per cent to 13.8 per cent from April next year make their way into law.
When the chancellor announced the proposals in the Budget statement, the Recruitment & Employment Confederation (REC) said that the move would "certainly reduce" the number of contractors firms hire.
Today, Alistair Darling admitted this could be the case, but said the government expected the impact on jobs to be "manageable".
He added that by the time the change comes in next April, the government expected the economy to be growing, hopefully encouraging job opportunities rather than seeing losses.
In a live TV debate with shadow chancellor George Osbourne and Vince Cable of the Liberal Democrats, the chancellor said that the Conservative plans to cancel the rise were "irresponsible".
Mr Osbourne countered that the rise would penalise families and businesses while the economy is not working.
