by markjewell on 28 December, 2013
The drive to help young people get jobs in Preston will be boosted by plans to abolish employers’ National Insurance Contributions (NICs) for under 21 year olds, Mark Jewell said today.
The news means businesses will no longer have to pay tax on their employees aged under 21 years old. For example, companies will save £1,000 each year for every young employee earning £16,000.
In Preston the plan to abolish NICs for young people from April 2015 means companies will not have to pay the contributions for 4,520 young people.
Mark Jewell welcomed the decision, which was as part of the Chancellor’s Autumn Statement and said;
“The Liberal Democrats are focused on getting young people into work and this is exactly the kind of initiative needed to give business a break and encourage them to start recruiting.”
“Since 2010 we have already helped create more than 1.5m new apprenticeships. Meanwhile, Nick Clegg’s £1bn Youth Contract is supporting work experience, wage initiatives and apprenticeships.”
“Our economy is growing because of the hard work of people and businesses, they deserve this help. The coalition’s economic plan is the rock on which our recovery is being built- and that is happening because of the Liberal Democrats.”Leave a comment