According to the Conservative Party conference the Conservative Party will try to achieve the following if they gain power at the 2010 general election:
George Osborne has announced that, as part of our plan to Get Britain Working, we will abolish tax on the jobs created by new businesses in the first two years of a Conservative Government.
The Shadow Chancellor said that any new business started in the first two years of a Conservative Government will pay no Employer National Insurance on the first ten employees it hires during its first year.
The tax break will encourage new entrepreneurs and is predicted to generate around 60,000 additional jobs over two years. Clear and simple rules will ensure that the jobs created are genuinely new.
George said that, as well as well as helping more unemployed people more quickly with our Work Programme, we also need businesses to create new jobs for them, and added:
“This is just another example of the Conservatives being the party of jobs at a time when Labour are the party of mass unemployment.”
I would be interested to hear both positive and negative views on Conservative’s New Businesses National Insurance Contributions policies in the comments below?