January 27, 2006 | posted by Michael Baxter in Uncategorized |

In his review of the pension crisis, Adair Turner proposed a compulsory 3% employer’s contribution to salaries. If it looks like a duck, ….etc, then it must be a duck, or, in this case, in effect a 3-percentage points rise in employer’s NI. Not a popular idea then. But, in an interview with the FT, Lord Turner said he favored a government subsidy for smaller businesses, in which the size of the subsidy per worker is inversely proportional to the number of employees at the firm.