Local Businesses to get help employing young people

December 11, 2013 8:54 AM

The drive to help young people in Sutton get jobs will be boosted by plans to abolish employers' National Insurance Contributions (NICs) for under 21-years-olds, Carshalton and Wallington MP Tom Brake said.

The plan to abolish National Insurance Contributions (NICs) for young people could mean that local companies will not have to pay the contributions for 2,960 young people in Sutton.

The news means businesses will no longer have to pay tax on their employees aged under 21-years-old and could save £1,000 each year for every young employee earning £16,000.

Tom Brake welcomed the decision and said: "To build a stronger economy, the Coalition wants to help businesses, and particularly SMEs, grow and create more jobs."

"This measure will save businesses money and encourage them to take on young employees, creating more opportunities for young local people."

"As a local MP, I want to stay focused on getting young people into work and this is exactly the kind of initiative needed to give businesses a break and encourage them to start recruiting.

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