Adam Afriyie, the MP for Windsor, has welcomed the Government’s recent reforms to the Horserace Betting Levy, which ensures a level playing field for betting shops and increases investment in grassroots horseracing.
From April 2017 online and offshore operators will be required to pay a levy on the profits made from bets on horseracing on parity with high street betting shops.
Adam Afriyie, the MP for Windsor, welcomes a raft of new tax cuts for small business that will encourage apprenticeships and investment.
From April small business rate relief has been doubled and the employment allowance for businesses and charities will increase from £2,000 to £3,000. It will offset the cost of the National Living Wage, which is being increased to £7.20 – a 7.5% wage increase for people on lower pay.
Fuel duty has also been frozen for the sixth consecutive year that Conservatives have been in power which has held down the costs of doing business particularly for self-employed mobile workers who make use of vans.
The MP for the Windsor constituency, Adam Afriyie welcomed the figures:
“These policies come from a Conservative Government that is on the side of young people, the lower paid and people who start their own businesses or take up an apprenticeship or, indeed, give something back to the community by taking on an apprentice.
“Small businesses are the backbone of the economy. They have powered Britain’s recovery from Labour’s recession and I sense that our country is back on track.
Note to editors
- Adam Afriyie has written at length on education and social mobility. To see his full record please see here and here.
- Adam Afriyie has a strong background and interest in science, technology and innovation due to his entrepreneurial background in the IT sector and a variety of posts he has held and/or currently holds, including Shadow Minister for Science, Chairman of the Parliamentary Office of Science and Technology (POST) and President of the Conservative Technology Forum (CTF).
The MP for Windsor, Adam Afriyie, spoke up in Parliament to call for further reductions in the jobs tax.
The Chancellor, George Osborne, agreed with Adam’s suggestion, outlining plans to reduce national insurance on apprentices and young people.
As recorded in the House of Commons’ Hansard:
Adam Afriyie (Windsor, Conservative): It seems to me that we would be wise as a nation to reduce taxation on the activities that we wish to encourage. I therefore very much welcome the reduction in employers’ national insurance, which has created jobs in my constituency, and I suspect in every constituency around the country. Does the Chancellor agree that we would do well to push on with these reductions in employers’ national insurance, which, to all intents and purposes, is a tax on jobs that discourages their creation?
George Osborne (The Chancellor of the Exchequer; Conservative): My hon. Friend is absolutely right that national insurance is a tax on jobs-
Edward Balls (Shadow Chancellor of the Exchequer; Labour): He is a champion!
George Osborne (The Chancellor of the Exchequer; Conservative): My hon. Friend is a champion of businesses in his constituency. That is one of the reasons unemployment has fallen in Windsor and 2,000 businesses in Windsor are benefiting from our employment allowance. We are going to go on reducing national insurance on employing 21-year-olds and apprentices. The alternative path—the path offered by the Labour party—is to put the jobs tax up. That would increase unemployment and return Britain to the economic mess it was in when Labour was last in charge.
You can watch Adam speak from 18:35 on BBC Parliament at http://www.bbc.co.uk/iplayer/episode/b050zg8g/house-of-commons-live-treasury-questions
Adam Afriyie (Conservative, Windsor): To ask the Chancellor of the Exchequer what recent steps he has taken to simplify the rates of Employees’ National Insurance contributions.
Mr David Gauke (Financial Secretary to the Treasury): This Government is committed to a competitive tax regime and has introduced a range of measures to reduce the burden of National Insurance Contributions (NICs), as part of our long term economic plan to back business and create jobs.
The Employment Allowance, introduced in April this year, means that around 450,000 employers– one third of all employers – are expected to be taken out of paying employer NICs altogether in 2014-15 and from April 2015, employer NICs for under 21 year olds will be abolished, helping to support jobs for almost 1.5 million young people currently in employment.
Adam Afriyie has welcomed new figures showing that 109,000 businesses in the South East have benefited from the new Employment Allowance.
The allowance takes up to £2,000 off the National Insurance bill of every employer in the country, and means a business can now hire someone on £22,400 a year without paying any Employers’ National Insurance at all.
Adam Afriyie, MP for Windsor, said:
“Cutting this pernicious Jobs Tax will help businesses create jobs in Windsor, Berkshire and across the country. More people will now have the added security of a regular monthly wage, so they can pay their bills and look after their families.
“Unemployment in Windsor has fallen by over 50% since May 2010, and this cut to National Insurance will help businesses, charities and clubs continue to do their good work creating jobs and prosperity.
“We must also rename Employers’ National Insurance the ‘Jobs Tax’, so that everyone can see on their payslip that their employers are charged for every job they create. This tax must be reduced in the longer term if we want more jobs.
“It’d also be a great idea to merge Employees’ National Insurance and Income Tax into one simple tax, so it’s easier to see how much tax you are paying and simpler to work it out.”
Notes to Editors:
- Mr Afriyie’s website: http://www.adamafriyie.org/