Gosport MP Caroline Dinenage has welcomed new figures showing that 109,000 businesses in the South East are already benefitting from the Employment Allowance.
The Employment Allowance was introduced in April and reduces the cost to businesses of employing people. It takes up to £2,000 off the National Insurance bill of every employer and is open to businesses, charities and community amateur sports clubs.
Speaking in support of the tax cut, Caroline said:
"Cutting the tax on jobs is a fantastic way to back small businesses and create more employment opportunities. Local businesses will find it easier to take on new staff thus giving more people the stability of a regular pay packet and peace of mind for the future.
Thanks to this Government's policies, 1.8 million people have entered employment since 2010; however, there is always more to be done which is why I am pleased that this Government is committed to carrying out its long-term economic plan."
The Employment Allowance means a business could now hire someone on £22,400 a year, or four people working full-time on the minimum wage, without paying any employer national insurance at all. In total up to 1.25 million employers will benefit from the allowance, with 450,000 taken out of paying the tax on jobs altogether.