The Tories have confirmed new businesses will pay no National Insurance (NI) in their initial year for the first ten employees, during the opening two years of a Conservative government.
Unveiling its manifesto today, the party pledged to support small businesses through the recovery if it wins power at the 6 May General Election. In addition to the employers' NI holiday, it would make small business rate relief automatic. The Tories would also support aspiring entrepreneurs through a 'Work for Yourself' programme to give unemployed people direct access to business mentors and substantial loans. It would also aim to deliver 25% of government research and procurement contracts through SMEs by cutting the administrative costs of bidding. The minimum wage would sta...
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