Reported 4 days ago
A recent survey reveals that many UK employers are planning to raise prices and reduce their workforce in response to the government's impending tax hikes. Confidence among small businesses has hit a five-year low, with nearly 90% of employers expressing concerns over increased employment costs due to higher payroll taxes. The small business sector is particularly apprehensive, with around a quarter anticipating a contraction in their operations. This decline in confidence underscores the urgent need for government initiatives to bolster economic growth.
Source: YAHOO