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Eastbourne & Willingdon Lib Dems

Queens Speech to help over 1,000 Local Businesses.

May 11, 2013 12:39 PM

The Queen's Speech will help 1,170 businesses in Eastbourne and Willingdon by cutting National Insurance Contributions (NICs).

The National Insurance Contributions Bill announced by the Queen this week will introduce a National Insurance employment allowance of £2,000. This will reduce the cost of employment and support small businesses aspiring to grow who want to hire their first employee, or expand their workforce.

Commenting; Stephen Lloyd MP said "Ever since the General Election one of my absolute priorities has been our local economy. To me, it's all about jobs, and despite the challenging economic climate Eastbourne has worked incredibly hard to buck the trend. Compared to pretty much any other Seaside Town in England we are managing to do so; be it the £70m Arndale Regeneration, over 2,000 new apprentices in the last three years or the new street market in Terminus Road; our town has really rolled up its sleeves and got to work".

He added: "In these difficult times, it's vital we encourage small businesses who want to hire more people, which is why the Liberal Democrats have ensured that they get some more help towards National Insurance Contributions in the Queens Speech. This change will help businesses in Eastbourne and Willingdon thrive and create even more jobs for our town."