National Insurance Contributions Bill

Part of the debate – in the House of Commons at 4:18 pm on 4th November 2013.

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Photo of David Gauke David Gauke The Exchequer Secretary 4:18 pm, 4th November 2013

To have implemented the policy we inherited would have destroyed jobs. It did not do businesses in the United Kingdom any good to have the prospect of an increase, sending the wrong message that we were going in the wrong direction. I am pleased to say that we have reversed that direction of travel by not implementing the previous Government’s policy in full. We have increased thresholds for national insurance contributions, which has clearly helped. Now, through this Bill, we are providing an employment allowance of £2,000.