Context
Local businesses, such as the precision manufacturing firm G. W. Martin, have faced increased costs due to changes in employer national insurance contributions.
Question
Small to medium-sized businesses are the backbone of the local economy in Eastleigh, creating jobs and driving innovation. However, local businesses, including the precision manufacturing firm G. W. Martin, have told me that the increased costs as a result of the changes to employer national insurance contributions have left them with no choice but to pass those costs on to customers, making UK manufacturing less competitive globally. What concrete steps will the Government take to help businesses in Eastleigh?
Answer from Emma Reynolds (Economic Secretary to the Treasury)
Half of small businesses will not be affected by the employer national insurance increase, as the hon. Member will know. We will also be setting out a small business strategy in the Government’s plan to support those businesses across the UK later this year.
Not addressed: Specific steps to help Eastleigh's businesses beyond half of them not being affected by the national insurance increase
How: Will Be Setting Out A Small Business Strategy
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