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Disaster for small business

This article was first published on Progress Online.

10 March 2017

The increase to national insurance contributions in this year’s budget is yet another Tory assault on small businesses and entrepreneurs, writes Ibrahim Dogus

This week’s budget has proven to be the disaster for innovative, small businesses that many had feared. Once again, this government has demonstrated its complete disregard for small and medium sized enterprises and its corresponding enthusiasm for faceless, giant corporations. Under the new budget, business rates have increased dramatically, while the much-vaunted business rate relief has been miniscule. Moreover, the self-employed have been asked to contribute far more to the state coffers without any increase in protections or rights. Both measures are set to stifle the small, innovative businesses which drive our economy and keep our communities vibrant.