York Lib Dems welcome plans to help businesses employ young people

Nicjk Clegg and young person

The drive to help young people get jobs in York will be boosted by plans to abolish employers’ National Insurance Contributions (NICs) for under 21-years-olds, York’s Lib Dem Group Leader Cllr Keith Aspden said today.

The news means businesses will no longer have to pay tax on their employees aged under 21-years-old. For example, companies will save £1,000 each year for every young employee earning £16,000.

In York the plan to abolish NICs for young people from April 2015 means companies will not have to pay the contributions for 5,750 young people.