Labour Warns Tax Hikes Could Deteriorate Job Market

Reported 13 days ago

Labour party officials have cautioned that further tax increases in the upcoming Budget could severely impact the job market, with a recent survey revealing that 56% of employers might cut jobs or freeze hiring if taxes on businesses rise again. The head of a leading accounting body warned of a potential cliff edge for Britain's growth agenda if taxes are raised, as the UK faces rising unemployment and inflation, stifling business confidence and investment.

Source: YAHOO

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