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500 than the 169 smallest companies in the index.
The credit was aimed squarely at the smallest companies, which rarely offer health insurance to employees.
The Liberal Democrat manifesto pledged to introduce fair-pay audits for all but the smallest companies.
And less than half of the smallest companies, those with under 10 employees, were providing coverage last year.
Employees at the smallest companies, with fewer than 50 employees, are eligible to receive the subsidies, even though their employers are exempt from the penalties.
I have written recently about a trend in which fund managers are finding attractive opportunities further down the market cap spectrum, among some of the UK's smallest companies.
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Small companies do not.
Small companies are issuing them.
Shares in smaller companies were affected disproportionately.
Small companies struggled to get financial resources.
Small companies feel the pain in China.
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CEO of Professional Science Editing for Scientists @ prosciediting.com