SME owners will be affected by the National Insurance rise

Alan Thomas, UK CEO at Simply Business, one of the UK’s largest providers of small business insurance, commented:

“The National Insurance rise will have a significant impact on the UK’s small business owners and sole traders, and comes at a time when many have only just started their recovery from the worst of the pandemic.

“Few have been hit harder by Covid-19 than the self-employed, with small businesses losing over £22,000 each on average. With over six million small businesses in the UK – contributing trillions of pounds a year in turnover – it is crucial to our collective recovery that they bounce back.

“The National Insurance rise is the latest in a long line of setbacks, as self-employed people look to revive their livelihoods.

“We understand it’s incredibly important that the government addresses the social care crisis, but we urge the Prime Minister to do this without placing another hurdle in front of the small business owners and self-employed people who have been so heavily impacted by the pandemic.”

For more information visit the Simply Business website