Blick Rothenberg emphasizes that increasing the Employment Allowance from £5,000 to £10,500 in April 2025 could significantly assist smaller businesses, especially in retail and hospitality, grappling with rising National Insurance Contributions (NICs). Mark Cunningham urges immediate clarity from the Government regarding relief measures, warning that uncertainty forces businesses to either pass costs to customers or curtail hiring. He advocates for stable tax policies to enhance business planning and encourage investment, suggesting the Spring Statement should set a consistent taxation framework for sustainable growth.
An increase in Employment Allowance could help businesses cope with the rise in National Insurance Contributions.
A further rise in the Employment Allowance would be a welcome step that directly supports smaller businesses.
#employment-allowance #national-insurance-contributions #business-support #tax-policy #economic-growth
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