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Proceeding contribution from Lord Hanson of Flint (Labour) in the House of Commons on Thursday, 13 January 2011. It occurred during Debate on bill on National Insurance Contributions Bill.


National Insurance Contributions Bill

Indeed; my hon. Friend makes an extremely important point. The Minister's objective in the Bill is to help new businesses to develop to compensate for the loss and shrinkage of public sector businesses in other parts of the country; that is his main focus. The annual report would clearly show not only where new businesses are commencing but, through other information that we will be able to glean, where businesses such as construction firms are shrinking because of cuts in public expenditure on schools, hospitals and other major capital projects. I can think of building firms in my own constituency in north Wales that depend on public sector contracts in housing, education and health for their work. As my hon. Friend says, if that sector shrinks, those employment opportunities will shrink too. I would be interested to know how many new businesses commence, and how many people are employed in each of them, in my own area in north Wales as a result of this measure, but I will not have that information unless I table parliamentary questions.


Secondary information

Type
Proceeding contribution
Reference
521 c454 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Business Employment Finance Greater London Increases National insurance NHS National Insurance Fund Public sector National insurance contributions New businesses VAT Take-up South East East of England
Legislation
National Insurance Contributions Bill 2010-12
Link
View this Proceeding contribution on www.publications.parliament.uk