The British Chamber of Commerce (BCC) suggests the government exempt new businesses from upcoming pension reforms so they will be more prepared to take on staff.
Research conducted by the BCC suggests the forthcoming auto-enrolment requirements are the biggest factor discouraging sole traders from taking on their first staff member. According to the survey, 32% of one-person businesses highlighted the new pensions requirements as a significant barrier. The BCC suggests new businesses should therefore be exempt from the upcoming legislation until they have been in business for three years or have ten employees. "[This would remove one of the biggest barriers to job creation," BCC policy director Dr Adam Marshall said. Auto-enrolment, whic...
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