Demand for new staff at businesses has fallen to levels seen in 2020 following last month’s budget, according to a survey of major recruitment consultants. A monthly report from the Recruitment and Employment Confederation (REC) and accountants KPMG suggests the chancellor’s corporate tax raid Rachel Reeves on October 30, employers were forced to “reassess their … Read more
Tax rises announced in the recent Budget will hit businesses rather than boost growth, the head of one of the UK’s biggest business groups warned on Monday. The Confederation of British Industry (CBI) has joined a chorus of voices opposing Chancellor Rachel Reeves’ tax measures, which Labor says are needed to plug a £22 billion … Read more
The governor of the Bank of England said industry lobby group the British Retail Consortium (BRC) was right to warn of job losses resulting from the Budget. There is a “risk” of rising unemployment due to increases in employers’ national insurance contributions and increases to the minimum wage announced by Chancellor Rachel Reeves last month, … Read more