Yousif Sadik, 33, the owner of cycle shop BikeBros, in Surrey, Guildford, UK.

He said: "The increase in national insurance contributions is going to increase the strain on smaller business owners like myself."

"I think the national minimum wage going up is a good thing. "

"Hopefully people will then have more disposable income and that will benefit small business owners."

On tax increases, Yousif said: "I think it's good the government are trying to get the money to spend on the country, what I don't think is so good is they are taxing smaller business owners more. "

"They should be getting the money from larger businesses who avoid paying tax to make up for the deficit. "

"The increase is national insurance tax on businesses' isn't great for me however by increasing the employment allowance I hope that counteracts the increase."