PM: I'm proud of your efforts to beat recession
This week we've announced a big boost for small businesses in Lincolnshire – a National Insurance cut that's going to really help local firms create jobs. And today I'm pleased to have this opportunity to tell Echo readers about it in a bit more detail.
Although I fully acknowledge that there is still a long way to go, our country is turning a corner. Our economy is growing. Our deficit is falling. In the past three years, the private sector has created 1.4 million new jobs.
Lincolnshire is starting to feel the effects of this recovery too. Just this week you've seen Wingland Foods announce they're hiring 200 people at their factory in Spalding.
In Lincoln too you've got firms like Octavian Security busy taking people on. All the while, we've seen over 125,000 new apprentices in the East Midlands these past three years. We are making progress.
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But there's still a lot more to do.
The struggle of the past few years will only be worth it if we finish the job we started.
I know that there will be many Echo readers out there still desperate to get back into work.
You don't want warm words – you want real action to help you find a decent, well paid job.
One of the best ways to get people into work is to back small businesses. Small businesses are the lifeblood of our economy – providing nearly half of all private sector jobs.
But they often struggle with the cost of hiring new staff. We've got to do more to help them.
That's why we're cutting National Insurance, the tax that firms have to pay when they take people on – and this week we're introducing the legislation to Parliament.
When someone is trying to create jobs in our economy, the Government should be making it easier not harder.
So we're cutting National Insurance for every business by up to £2,000 from next April, meaning that around 30,000 small businesses in the East Midlands will pay none at all.
It will mean a business can take on four people on minimum wage before it has to pay any National Insurance contributions.
Cutting National Insurance is good news for people in Lincolnshire.
It's going to help put wages in people's pockets, offer hope for their families and build success for our country.
This goes right to the heart of what this Government is about: building a recovery that all hardworking people can share in – not just those who did well last time but everyone who wants to get on in life.
I'm really proud that we're getting this done.