INCREASE PERSONAL TAX ALLOWANCES FOR SELF EMPLOYED PEOPLE
Self employment is becoming more common these days and people should be incentivised to become self employed in order to boost the economy and increase employment opportunities for others. Self employment is not a guaranteed path to riches and the current tax system does nothing to incentivise people to become self employed.
Why does this idea matter?
Many self employed people fail in business within the first year primarily as the result of financial issues. In these days of jobs being scarce and many people having to seek alternate employment the Government needs to make self employment a more financially achievable prospect for people which may also free up jobs for others.