Switch to an accessible version of this website which is easier to read. (requires cookies)

‘Over 35,000 businesses in Wales to benefit from The Queen’s Speech’ – Eluned Parrott AM

2013 Mai 8 1:27 PM

Eluned Parrott, Welsh Liberal Democrat Shadow Minister for Business and Enterprise, has welcomed that The Queen's Speech will help over 35,000 businesses in Wales by cutting National Insurance Contributions (NICs).

The National Insurance Contributions Bill announced by the Queen will introduce a National Insurance employment allowance of £2,000, reducing the cost of employment and supporting small businesses who want to grow and hire their first employee or expand their workforce.

Commenting, Eluned Parrott AM said:

"Building a stronger economy in a fairer society is our priority, and the Liberal Democrats have ensured that the Queen's Speech has measures that will help to deliver that.

"In these difficult times, it's vital that we help small businesses to hire more people and get the economy moving. Here in Wales, small businesses represent a higher proportion of private sector employment than in any other part of the UK, so the impact will be particularly helpful here.

"Giving our small businesses more help with National Insurance Contributions will cut one of the barriers that prevents them from taking on new staff, creating jobs for people across Wales. I look forward to working with these businesses to ensure they can get the most out of this excellent announcement."