Gary Neville criticized the government’s national insurance increase this year, saying that it could dissuade companies from employing people and “could probably have been retained”.
The former Manchester United footballer and England who has become a business owner, who supported work in the last elections, employs hundreds of people.
But he expressed his frustration in the face of the recent increase in employers or, which has considerably increased the taxes that companies have to pay for their employees.
Speaking of the business of Sky News live, Neville said: “Honestly, I don’t think that, to be fair, companies and small businesses should be dissuaded to employ people. So I think that the rise in national insurance was the one that, in my opinion, could probably have been retained, in particular in terms of the economy.”
Although the Pundit Sky Sports thought that the increase in the minimum wage introduced at the same time was necessary to ensure that people are paid for a fair salary and be taken care of, it clearly indicated that the double blow for businesses in early April would be a challenge for many large and small companies.
“I mean, see that it has been a difficult economy for a few years and I thought that once there was a change of government, and once there has been stability, we would get something that settles down,” he said. “But that does not settle locally in our country, but it does not actually settle, to be fair, in many places in the world either.
“I don’t think we can never criticize the government to increase the minimum wage. I honestly believe that people, to be fair, should be paid more so that I don’t think that is something you can criticize. I think that the rise in national insurance, however, was a challenge. ”
Find out more:
The industries have reached the most harshly through the national insurance hike
Survival guide: how to compensate for the hike of contributions to national insurance
Neville’s commercial interests are diverse, covering real estate development, hospitality, media and sports.
He co-founded GG Hospitality, who owns hotel football and the Hotel scholarship, and is involved in incessant developments, focusing on construction projects in the North West. He is also co-founder of Buzz 16, a production company, and a partner of the Consello group, a financial service company.
The increase in tax should increase 25 billion pounds sterling for the Treasury, employers having to pay or at 15% on wages greater than £ 5,000 and up to 13.8% on wages greater than £ 9,100.
This increase has already led the Bank of England to warn that it contributes to a slowdown in the labor market.
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Neither and prices provide pressure on companies
Governor Andrew Bailey warned last month that “the job market has been very tight in recent years, but we are now seeing signs that the conditions are busy, the growth in employment is moderate and several indicators of work demand and hiring intentions have been softened”.
The government defended the increase in taxes, announced by Rachel Reeves in last year’s budget and implemented in April, arguing that money was necessary to pay public services such as the NHS to help bring the waiting lists.
“ Cannot get worse ” for the man utd
Neville conceded that the transformation of the besieged football club Manchester United could be more difficult than trying to cause substantial economic growth.
The team finished 15th last season – its worst performance in the history of the Premier League.
“Yes, it could be a more important challenge than the economy … I think the two signatures are still good signatures, there are some others necessary,” said Neville about the fortune of his former club.
“I think they need a goalkeeper. And I think if they fill these two positions with decent signatures, then United can have a lot, I mean, they must have a better season than last year. It can’t get worse, really.”