Small businesses in East Sussex are celebrating the news that a proposal to increase the amount of National Insurance they will have to pay won’t go up.
The Chancellor’s U-turn on his Budget announcement is a welcome one for the Federation of Small Businesses, which is based in Polegate. A spokesperson for the FSB said, “We are delighted for our members and all local self-employed people that the Chancellor has listened and recognised the strong opposition to this measure and has now decided to scrap it for the duration of this Parliament. Thank you to all our members who wrote in to provide the evidence we needed to get this overturned.
“Britain’s army of self-employed make a massive contribution to the UK economy. We’ve consistently argued, since this measure was announced last week, that a tax-grab on the genuine self-employed – for instance, our hairdressers, electricians and plumbers – makes absolutely no sense. We now look forward positively to engaging upon the benefits that the self-employed need to be able raise families, pay their bills when sick and prepare for retirement.”