Jo Stevens

Jo Stevens

Labour — Cardiff East

Speaking in the House of Commons on 11 December 2024

Debate

Budget 2024

Contribution

I appreciate that the hon. Lady, representing a constituency on the south coast of England, may not be familiar with the landscape of businesses in Wales. In Wales, 94.6% of small and medium-sized enterprises are microbusinesses, and 3.8% are small businesses. We protected the smallest businesses and more than doubled the employment allowance to £10,500 in the Budget, meaning that over half of small and microbusinesses will pay less or no national insurance contributions at all.

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