VAT threshold increase could create 35,000 jobs
VAT threshold increase could create 35,000 jobs
An increase in the threshold at which some companies pay VAT could lead to the creation of 35,000 new jobs.
A Centre for Economics and Business Research report commissioned by the Federation of Small Businesses found that raising the current rate from £70,000 to £90,000 could save enterprises £162 million a year.
At a time when the public sector is facing heavy job cuts as a result of the coalition's comprehensive spending review, this money could be used to pay employees' wages.
"If the government is truly committed to a private sector led recovery, then it must implement a Small Business Programme for Growth to allow small firms to grow and invest," stated national chairman of the FSB John Walker.
By doing this, firms will gain access to some greatly needed extra finance, which can be invested back into the enterprise through lower prices or more members of staff.
Earlier this week, Emyr Williams, director of Bytestart.co.uk, said the coalition is right to oppose moves by European Parliament in relation to extending the amount of fully-paid maternity leave to 20 weeks.
All articlesRelated articles
Tyneside firm set to create 1,000 new jobs
Offshore Group Newcastle has won the rights to construct a North Sea drilling platform.
Read moreTUC encourages government to act on shipping wages
A legal loophole that allows shipping companies to pay foreign workers as little as £2 an hour should be dealt with by the coalition, one organisation has argued.
Read morePoundland set to create new jobs
The discount retailer plans to open at least 50 new outlets next year.
Read morePeople working for longer may have more than one career
As individuals are working longer they may be more likely to have several careers, it has been noted.
Read moreThere is 'no such thing' as a job for life anymore
Many people make several career changes in their life, it has been said.
Read moreCIPD: New work assessments are a positive step
The coalition is now looking at barriers preventing people from finding employment from an individual's perspective, it has been noted.
Read moreJobs market may be showing signs of recovery
People searching for jobs may find their prospects are better than they were 12 months ago.
Read moreTravelodge announces 200 new jobs will be created
There are 150 positions available to be filled immediately at six new Travelodge hotels.
Read moreTwin Training 'records ERSS framework success'
The employment service has been awarded contracts to assist people trying to re-enter employment.
Read moreIndividuals advised to 'plan apprenticeship applications in advance'
Due to high competition, it may be wise for young people to think about what they plan to do after school well before they leave.
Read more
›Who we work with
Our Programmes
- English & Career Development Programmes
- Academic Programmes
- Summer Centre Programmes
- Leonardo da Vinci
- Work Experience Programmes
- School Group Travel Programmes
- WAVA - Work and Volunteer Abroad Programmes
Twin Group is affiliated and associated with the following professional organisations:
Bookmark & Share