Employment Agencies: Government Assistance
The question
To ask the Secretary of State for Business and Trade, whether his Department is taking fiscal steps to help support employment agencies in the context of trends in the level of costs in that sector.
Answered by Blair McDougall
The department recognises the vital role employment agencies play in our labour market. While there are no specific fiscal measures targeted exclusively at employment agencies, the government is conscious about the cost of conducting business. That is why we have more than doubled the Employment Allowance to £10,500. This means that 865,000 employers will pay no NICs at all, more than half of employers see no change or gain overall from this package and employers will be able to employ up to four full-time workers on the National Living Wage and pay no employer NICs.
Employment agencies will also benefit from the new tools to unlock access to finance, action to address late payments and regulatory costs, improve digital adoption and create easier pathways to business support through the Business Growth Service.
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