Speaking in the House of Commons Finance Bill debate, Labour MP for Luton South Gavin Shuker has claimed that, thanks to the introduction of National Insurance reliefs for start-ups outside the south-east (?5,000 tax break on National Insurance Contributions for each of the first ten people they employ), it now costs up to ?50,000 more for an entrepreneur to start a business in the south-east of England. Shuker, one of only two Labour MPs in the east of England, said: “if an entrepreneur wanted to start a new business in the greater south-east, they would find themselves some ?50,000 worse off than if they had started their business elsewhere. Let us be clear about the impact. For my constituents in Luton South, that means that moving just two stops up the train line or two junctions up the M1 would effectively give them a ?50,000 golden hello for starting up.” Is he right? What are your experiences? Is the coalition government taking an anti south-east stance?
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.