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Policy

Employers National Insurance Relief

National Insurance Employers National Insurance Relief

Policy:

Scrap the current Employers National Insurance Relief system and create a new "Start-up Jobs Grant".

The current "Employment Allowance" is too broad being available to all, and doesn't do enough for genuine start-ups. We need to focus our support on the businesses that need it most: the entrepreneurs hiring their first few employees.

Proposal is to scrap the current Employers National Insurance Relief system and create a new "Start-up Jobs Grant". This relief would be exclusively for small businesses with between 2 and 10 staff. The principle is simple: the smaller you are, the more help you get. The support would gradually phase out as you reach 10 employees, ensuring the money goes to real start-ups, not established SMEs. This is a common-sense change to make it dramatically easier and cheaper for people to create that next job.

Annual Revenue Increase of £10.5 Billion