Tories reveal plans to help small businesses

The Conservative party has recently revealed their manifesto in the run-up to the General Election, unveiling plans that aim to help UK small businesses save up to £150 for every person they employ.

The Tories have stated that they will reverse the current government's plans to increase National Insurance contributions for anyone earning under £35,000, a move that could reportedly save 50,000 jobs throughout the UK.

Commenting at Battersea Power Station, London, David Cameron said:

"This is a manifesto for a new kind of politics and a new kind of country,

"Together we can get rid of our debts, get the economy moving, mend our broken society - even make politics and politicians work better. And if we can do that, we can do anything. Together, we can do anything."

Steve Radley, The EEF Director of Policy with Battersea Power Station, stated that they welcome steps to simplify the current tax system and reduce corporation tax.

Mr Radley added:

"However, this has to be set in the context of plans to reduce the deficit overall and include measures to reflect the true costs of modern machinery for capital intensive, high-value manufacturers."

However, the conservatives have come under heavy criticism from both the Liberal Democrats and the Labour party. Both parties have said that the Tory Party’s glitz overshadowed “public spending cuts, nothing for growth, jobs at risk, and a lack of fairness.”

14/04/10