Sophie Mei Lan Malin asked businesses in Yorkshire for their views.
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00:00It's a massive stretch on our industry. We don't know when to staff people anymore.
00:05We don't know when the places will be busy or quiet.
00:08But ultimately, any increase would increase inflation at the moment.
00:12It's just a killer for all our business.
00:15It's a good thing. It's going to cost companies a lot more money.
00:20But I think they're taking Robin Peter to PayPal all the way through.
00:25And they're hitting the wrong people, they're hitting the rich, the high-tax earners.
00:29Perhaps that will help very quickly in the short term the government.
00:35However, I believe that we need to look at a bigger picture
00:39and how this perhaps may impact indirectly other things.
00:44So I believe that if national insurance contributions from employers would go up,
00:49then yes, in short term it can help the government to raise more money to public funds.
00:56However, it could potentially mean that the employers will not have enough money to employ more people,
01:04which then the people that work for them may be affected
01:08in a way that they will be obviously more stressed with work, stress, mental health issues, etc.
01:15So I believe the government needs to look at the bigger picture
01:19and how this can eventually impact the whole society and the whole country.
01:26What do you feel about national insurance contributions going up?
01:30It's another killer, isn't it?
01:32Just add to the pot and stretch the elastic band and it's going to snap at some point.
01:36Everybody in the industry is feeling it, it's not just ourselves.
01:40It's going to be a tough road ahead, yeah.
01:43What would you have liked to have seen in the budget?
01:47More help for ourselves.
01:49A definite understanding that the discount for the rates is going to remain,
01:55because if that increases that's another stretch on the elastic band and another snap.