UK Start-Ups Lead the Way in Job Creation
New businesses in the UK are creating more employment that any other major European country with British start-ups employing over half a million (553,761) people in 2012, according to a research by Rousseau Associates. Britain is now the leading European economy for new business employment, significantly ahead of the next biggest employer France at 398,521 and more than twice the amount of the next two leading countries, Germany and Norway – 346,556 and 17,310 respectively. The report attributed British start-ups’ employment growth to their “ambition and scope” as well as the introduction of the National Insurance (NI) employment allowance and under 21s NI exemption. As the changes to NI have reduced the cost of a business hiring its first employee and enabled employers to reduce their nat... »