The allowance means a business could now hire someone on £22,400 a year, or four people working full-time on the minimum wage, and not have to pay any employer National Insurance Contributions. This is making it easier for local businesses to grow and create more jobs in Mid Dorset and North Poole.
Within the first six months of its launch, over 850,000 employers across the country have benefitted from the Employment Allowance.
This tax cut is a key part of our long-term economic plan to back business and secure a better future for Britain. Already, 1200 businesses in Mid Dorset and North Poole are benefitting from the cut, making it easier for them to hire staff and create jobs.
Our long-term economic plan is helping to create jobs by making it easier for businesses to take on new employees. Since the last election, businesses in the UK have created over 2 million jobs. We now need to see our long-term economic plan through to deliver economic security and peace of mind for hardworking people.