The Queen’s Speech on Wednesday will help 1,540 businesses in Bath by cutting the National Insurance Contributions (NICs) that they have to pay.
It will also help and additional 1,510 businesses in North East Somerset.
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 aspiring to grow and want to hire their first employee or expand their workforce.
Commenting, Don Foster MP said: “Building a stronger economy in a fairer society is my priority and the Liberal Democrats have ensured the Queen’s Speech has measures that will help deliver that.
“In these difficult times, it’s vital we help small businesses who want to hire more people. That’s why Liberal Democrats have ensured that they get some more help towards National Insurance Contributions.
“This will help businesses in Bath to thrive and create jobs for local people.”
Paul Crossley, Liberal Democrat Leader of Bath & North East Somerset Council added: “Small and micro businesses are a vital part of our local economy and this measure will give over 3,000 businesses across B&NES some welcome relief”
“The Liberal Democrat administration here in B&NES is implementing some very useful measures to support local businesses in tough times and Liberal Democrats in government are doing the same nationally.”
