Andrew Rosindell – 2015 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Andrew Rosindell on 2015-10-19.

To ask the Secretary of State for Business, Innovation and Skills, what steps he plans to take to ensure that the introduction of the National Living Wage does not have a detrimental effect on small businesses.

Nick Boles

The Government is reducing Corporation Tax to 19% from 2017-18 and then to 18% from 2020-21; setting the Annual Investment Allowance at a new permanent level of £200,000; and increasing the Employment Allowance by £1,000 to £3,000 from 2016-17. The increase in the employment allowance means a business could employ four people on the National Living Wage and pay no National Insurance Contributions.