Responding to the UK Government budget, Janet Finch-Saunders MS has warned of the detrimental impact the budget will have on business growth.
Policies that cause concern to businesses include:
- Increase in employers National Insurance
- Reducing the secondary National Insurance threshold
- Reform to agricultural property relief
Commenting on the Budget, Janet said:
“North Wales wasn’t mentioned once in the hour-long Budget which is now already haunting our region.
“No commitment on Wylfa.
“No commitment for a HS2 consequential for Wales.
“No commitment to improve the North Wales main line.
“A disastrous commitment to rake in money from hard working farming families, many of whom do not have the cash, and will have to sell land to meet the bill, putting the future of entire businesses that have been in families for generations at risk.
“A jobs tax that will harm businesses and employees and stifle growth, taking £25bn from employers through changes to National Insurance.
“The most devastating thing of all is that this Halloween budget needed not be so haunting. Indeed, the OBR has declined to back the Chancellor’s claim of a £20bn black hole, so the Budget did not need to be so severe”.
ENDS
