MORE than 2,000 businesses in Portsmouth are benefitting from the government’s employment allowance since its introduction in April, according to statistics released by the Conservative Party.
The allowance is a reduction in national insurance contributions that an employer pays for its employees.
The allowance is worth up to £2,000 off the national insurance bill of every employer and is open to businesses, charities and community amateur sports clubs.
It means a business can now hire someone on £22,400 a year, or four people working full-time on the minimum wage, and not have to pay any employer national insurance contributions.
Its aim is to create more jobs and growth.
In its first six months, more than 850,000 employers across the country have used the allowance.