Reported 3 days ago
Business confidence has hit its lowest point since the pandemic due to significant tax increases imposed by Chancellor Rachel Reeves, as reported by the Institute of Directors. Business leaders express concerns that these tax hikes, particularly the £25 billion National Insurance rise, are stifling economic growth, leading to reduced pay raises, layoffs, and increased consumer prices. The survey indicates a drastic fall in optimism, with many businesses predicting further declines in investment and employment.
Source: YAHOO