Assuming I was rather more than chancellor, and in full charge of government, I would...rn1. Institute a moratorium of much employment legislation for companies employing fewer than 100 staff. Small businesses - which provide most new jobs - should be encouraged to hire and retain workers. They need relief from the bureaucracy.rn2. Cut employer National Insurance by half. Again, it would encourage employers to keep staff and make hiring new staff cheaper.rn3. Provide a government facility to underwrite credit insurance so that suppliers can trade with confidence. The abandonment of whole industrial sectors by the oligarchy of credit insurers means that many industries are seizing up, exaggerating the damage of the credit crunch.rn4. Close public-sector defined-benefit pension schemes. These are a huge cost to the taxpayer and a gross inequality between the public and private sector.
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