Counting the cost of Labour’s national insurance hike
Insightful work from the FT's Chris Giles, who has dug out a couple of academic articles - including one co-authored, in 2007, by George Osborne's current chief of staff, Rupert Harrison - to work out how many jobs Labour's national insurance rise might cost the economy. The results? Well, according to Giles, one says that 23,000 jobs will be lost, and the other comes up with 22,000. Neither of these are figures that Labour will want to crow about. But, as Giles points out, they are below the "57,000 jobs in small and medium-sized businesses alone" that the Conservatives predict in their manifesto.