Tory NIC cuts – the truth for small businesses
Small businesses employ almost 60% of the private sector workforce and without a doubt the Tories are right that Labour’s proposed increasing in NIC will hurt. I run a small business and they will hurt us. If you asked me if I wanted them to go ahead I’d say no I don’t as it’s going to cost us money that we don’t have. For us it’s not about preserving profit margins as we plough it all back into the business to grow and create more jobs. The NIC increase will make this harder.
But, and it’s a huge but, the Tory alternative is far, far worse. For Wolfstar to grow and prosper we need an improving and stable economy. We’re a business that sells services to other businesses. Our clients can only spend more money with us, if consumers spend more money with them. The Tory plans to hack and slash essential public services hurts consumers. That hurts our clients. That hurts us. That hurts the people that work for us.
That’s why Labour’s plans for NIC might not be good, but they are a lot better than the Tory alternative.
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