Perhaps.
The shadow chancellor has said that new businesses could be allowed to save on their NI contributions for the first ten employees in an effort to encourage start-ups.
Of course this probably won’t have much of an affect on the rail jobs market, unless there are enough rail infrastructure and rail maintenance projects to go around.
George Osborne’s announcement has been met by a cautious welcome in other quarters, with some business groups saying that it would be better for the Treasury to stop a 0.5 per cent increase in employers NI contributions due to come in next year.
As I said though, without high-speed or electrification projects taking place soon, it will make little difference to those searching for rail vacancies.
