US EditionThird of Businesses Planning Further Job Cuts After National Insurance Hikes
- One-Third of business owners plan to cut jobs after higher National Insurance Contributions began in April, according to new research by S&W.
- Approximately 20% of business owners have already reduced staff numbers due to the NICs changes effective in April, as revealed in S&W's survey.
- 46% of business owners plan to raise prices to offset increased taxes, according to the survey of 500 UK business owners.
- Businesses face considerable challenges and difficult decisions to stay afloat in the current economic climate, according to Claire Burden from S&W.
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Third of businesses planning further job cuts after national insurance hikes
Businesses have also suggested they will cut back hours, freeze pay and hike prices.
·London, United Kingdom
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Third of businesses planning further job cuts after national insurance hikes - Business Fast
Research reveals many companies also plan to cut back hours, freeze pay and hike prices READ SOURCE The post Third of businesses planning further job cuts after national insurance hikes first appeared on Business Fast.
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