Lewes MP hails insurance initiative as jobs boost for the young

The drive to help young people get jobs in Lewes will be boosted by plans to abolish employers’ National Insurance Contributions (NICs) for under 21-year-olds.

Lewes MP Norman Baker has welcomed news meaning businesses will no longer have to pay tax on their employees aged under 21. For example, companies will save £1,000 each year for every young employee earning £16,000.

In the county town the plan to abolish NICs for young people from April 2015 means companies will not have to pay the contributions for more than 2,000 people young people.

Mr Baker said: “The Liberal Democrats are focused on getting young people into work and this is exactly the kind of initiative needed to give businesses a break and encourage them to start recruiting. Since 2010 we have already helped create more than 1.5m new apprenticeships. Meanwhile, our £1bn Youth Contract is supporting work experience, wage incentives and apprenticeships.

“Our local economy is growing because of the hard work of people and businesses, they deserve this help. I hope that this initiative will help bolster the number of local young people in work and speed the rate in which unemployment is going down in our area.”