What is this, a scheme announced by George Osborne in his latest budget that appears to be working?

According to Direct Line for Business, one in five (20 per cent) Small to Medium Sized Enterprises (SMEs) in the UK has been encouraged to expand following the Government’s decision to introduce an employment allowance of £2,000 a year towards employer National Insurance (NI) contributions.

Jazz Gakhal, Head of Direct Line for Business, commented: “It is encouraging to see that so many UK businesses are looking to expand. The Government’s decision to reduce the financial burden for small companies is a welcome boost for owners and managers across the country. Given SMEs account for over 99% of all private sector businesses in the UK, the health of this sector is vitally important.”

© Investment & Business News 2013