National insurance needs to go down so SMEs can employ more people

If the government would reduce national insurance payments small businesses would be able to carry out their ideas of recruiting more staff, according to recent research. Federation of Small Businesses (FSB) findings revealed that many companies if there were more positive news about the economy would most likely expand.

As part of the Voice of Small Business survey the research found that over 30% of the respondents would hire more staff if the national insurance payments were reduced for the first six months of employments.

The FSB urges the government to permit firms with four or less employees, in a bid to allow growth in the economy, extend the break in payments. FSB national chairman, John Walker said that it imperative that banks lend to small businesses, that an environment for job creation is created by the government and that businesses are paid promptly.