National Insurance Contributions Bill
This bill is designed to reduce the cost to small businesses of employing people. If it passes, from April 2014 every business and charity will be entitled to a £2,000 employment allowance. It also aims to stop the use of offshore companies that are sometimes used by companies to avoid paying their National Insurance contributions. The bill will remove the presumption of self-employment for limited liability partnership members. It will apply to the whole of the UK
That is how the BBC reported the item in the Queens Speech aimed at helping small businesses. In a town like Southport where the economy is made up by lots of small employers this is most welcome. Too often government turns its back on the self employed and small businesses, so it is good to see this measure.