Tuesday, 6 October 2009

Osborne to support start-up businesses

Osborne to support start-up businesses
The Conservative party would support the creation of new businesses buy waving the national insurance contributions for the first ten employees.

The shadow chancellor George Osborne announced that any new business created in first two years of a Conservative government would receive a tax break for the first ten people it employed.

H said he believed such incentives would create 60,000 new jobs.

Mr Osborne said: 'Our message will be clear, invest here, come up and set up your business here.

'We will say come and set up your enterprise here and we will support you.

'We will send a message that this country is open for business.'

The announcement came in the first day of the Tory conference on Monday, as David Cameron, the Conservative leader, was facing calls to hold referendum on the Lisbon Treaty whether it is ratified across the rest of Europe or not.

Mr Cameron is desperately trying to ensure Europe doesn't dominate his conference as he tries to focus electorate on the economy.

He is pitching a Conservative party as a party of jobs, manufacturing and industry and with a clear message that the Tory are 'ready to serve' and the Conservative party have truly changed.

Mr Cameron said: 'We have heard today the biggest, boldest programme to get Britain working again.'

The Tories have also announced plans to scrap the New Deal, get those people who are fit to work off incapacity benefit and onto Jobseekers allowance as well as reintroducing technology colleges, last seen in the UK in the 1950s.

The Conservatives said the savings made through getting people off benefits would help to pay for other schemes such as the tax incentives for new business and vocational places for young people.ADNFCR-708-ID-19393468-ADNFCR

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