As the major parties fight over how to help individuals and especially companies through what is likely to become a recession, David Cameron and the Conservative party announced its plans to cut business taxes.
In the plan set out by the Conservative Party, they will call for a cut in National Insurance that a company pays if they hire staff that have been out of work for over three months. David Cameron, when on to say that the plan would create around 350,000 jobs, and cut the tax burden faced by companies by £2.6 billion and that the scheme would finance itself.
Mr Cameron went on to say that it costs the taxpayer in the region of £8,000 when someone goes onto benefits and that the new Conservative plan would see around £2,500 go to funding a National Insurance cut.
Prime Minister, Gordon Brown also hinted at a possible tax cut in his pre-budget report, which is expected to be announced in the next few weeks. Also joining the debate was the Liberal Democrat leader, Nick Clegg who gave more details of his parties tax breaks for the lower and middle classes.
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