National Cut on Insurance to Be Felt by Small Businesses

Plans for providing national insurance cuts for small businesses have been launched recently. A budget amounting to £2,000 has been provided by the UK government ministers to help small business owners with less than fifty employees.

The National Insurance Contributions Bill, announced by George Osborne last March, will be introduced by David Cameron on today’s launching, 14th October 2013. He will have a tour to different small businesses located at the eastern part of England.

Albeit the insurance cut will take place April of next year, the UK government is positive that ninety percent of the bill’s benefits will be felt by companies having no more than fifty workers. When implemented, it’s expected to save at least 450,000 small businesses by completely eliminating their national insurance payments.

Find out what the Prime Minister has to say on this exciting matter here.

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