Prime Minister and Minister of Finance, the Hon. Philip Davis recently spoke with reporters about the pending rise in national insurance contributions set for July 1st.

Mr. Davis said, “just as when we raised the minimum wage you would have heard them say that’s a bad idea because its going to impact employers, they’ll lay off people to meet the extra, that didn’t happen. So let’s speak to what is happening and what is the result and to respond to it. We’re not to discourage people or thinking that this is something that’s going to impact persons adversely. What its going to do is to ensure you pay your premiums, we’re trying to save the fund so that when you reach the age of retirement there’s something there for you.”

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