Small businesses are often described as the backbone of the Welsh economy and many are concerned about moves to increase employer’s NI contributions.
They include Kristian Cuffin, owner of Cuffed in Coffee in Holyhead, who said the change could lead to “tough decisions” for his business including “reducing staff hours, holding off on hiring new staff and cutting back on expansion plans“.
The FSB in Wales, which speaks on behalf of small businesses, is calling on the Treasury to increase the Employment Allowance which allows them to reduce their NI costs.
There’s also speculation that the Chancellor could increase fuel duty.
Plaid Cymru warn this would have a “disproportionate” impact on rural Wales.
“Our part of the world depends very much on the car because of a lack of public transport”, said Ben Lake MP.
