Charlie Elphicke is Conservative MP for Dover and Deal. Follow Charlie on Twitter.
Six out of ten people work for small and medium sized enterprises (SMEs). So the help given to SMEs in Wednesday's Budget was the right approach. SMEs are not just major employers, they are the British economy's job creators too. Over the last couple of decades employment by large businesses has increased by around 10% - while the SME sector has created jobs at twice that rate.
The graph below shows the SME job growth trend against larger businesses:
Yet SMEs did not really have the support of the Government that they should have had over the past decade. Labour’s National Insurance jobs tax hikes acted to discourage SMEs from taking on new employees which would in turn help their businesses to grow - so the new £2,000 employment allowance is really welcome. SMEs will now be able to take on up to four people on the minimum wage without paying a penny in National Insurance or hire an extra person on £22,400 per annum.