In the whole of Birmingham, in the last six months, only just over 100 new traders have started up on the New Enterprise Allowance. Why such a low figure? Possibly because of the terms of the deal. As I wrote here back in Sept

“if your business doesn’t take off in just three months, you’d essentially be punitively punished [under the NEA] — since what amounts to your dole money would [then] be chopped in half. You’d also be saddled with a £1,000 debt. The NEA thus seems a very unfair choice to foist on young graduates, in incredibly difficult trading conditions.”