Portsmouth MP welcomes new bill

Chancellor Philip Hammond holding his red ministerial box outside 11 Downing Street, London, before heading to the House of Commons to deliver his Budget

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A PORTSMOUTH MP has welcomed a bill which aims to help businesses by cutting national insurance contributions.

The National Insurance Contributions Bill will introduce a National Insurance employment allowance of £2,000.

The move, which was in the Queen’s Speech, will reduce the cost of hiring employees and support small businesses which want to grow.

Mike Hancock MP, who represents the south of the city, said: ‘Building a stronger economy in a fairer society is my priority, and the Liberal Democrats have ensured the Queen’s Speech has measures that will help deliver that.

‘In these difficult times, it’s vital we help small businesses who want to hire more people.

‘That’s why Liberal Democrats have ensured that they get some more help towards National Insurance Contributions. This will help businesses in Portsmouth South to thrive and create jobs for local people.’