Richard Foord

Richard Foord

Liberal Democrat — Honiton and Sidmouth

Speaking in the House of Commons on 31 October 2024

Debate

Small Businesses: Scaling Up

Contribution

Economic growth happens when micro-sized businesses become small businesses. We learned yesterday that micro-businesses that employ up to four full-time workers on the national living wage will be exempt from employers’ national insurance. Yet small businesses that employ five workers or more will be subject to employers’ national insurance. How will that measure help small businesses in the south-west to scale up and bring economic growth to the region?

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