The Federation of Small Business (FSB) has urged the Government to cut employers national insurance contributions (NIC) in order to incentivise small business to take on new staff.
The FSB conducted a poll of its members, with nearly one third claimed that cutting NIC for the first six months of any new employment would encourage them to start the recruitment process.
John Walker, the federation’s national chairman, said,
“Small businesses want to employ but have told us that they need incentives to do so. The Government must extend the national insurance contributions holiday to existing businesses if small firms are to take on new staff and so help tackle high unemployment.”
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