Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Shabana Mahmood Excerpts
Tuesday 6th March 2012

(12 years, 8 months ago)

Commons Chamber
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David Gauke Portrait The Exchequer Secretary to the Treasury (Mr David Gauke)
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My hon. Friend is absolutely right to highlight the seed enterprise investment scheme, which will provide 50% income tax relief on investments in new start-up businesses. There is also the £50 million business angel co-investment fund, supported through the regional growth fund, the business coaching for growth arrangements and a number of measures that HMRC is taking to help start-up businesses.

Shabana Mahmood Portrait Shabana Mahmood (Birmingham, Ladywood) (Lab)
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The Minister’s answer on the national insurance holiday for small businesses was simply not good enough, so may I press him again on why he will not expand eligibility for the national insurance holiday to all small businesses with fewer than 10 employees that take on extra workers, as set out in Labour’s five-point plan for jobs?