The 2024 Budget pushed employer NICs to 15 %, adding £5 billion to SME payroll bills. As a direct result of this increase, 40 % of our members have frozen hiring. That’s thousands of potential jobs lost before they’re even advertised.
A £10,000 payroll relief band for businesses with under 50 staff would give every employee an instant £1,500 saving for their employer. That’s real job creation, real growth, and real breathing space for firms already stretched thin. This isn’t radical – it’s common sense. Larger firms already enjoy economies of scale; small businesses need a level playing field.
The 1832 Club is fighting for these changes. The more members we have, the louder our voice in Westminster.
Join today from just £5/month or £40/year and help to support pro-SME candidates.
Together we can make a difference.