Workers are bracing for some of the steepest job losses in a decade as businesses prepare to shed staff ahead of Rachel Reeves’s planned £25bn tax hike.
Nearly 47,000 UK businessess in “Critical Financial Distress”.
The final quarter of 2024 saw the fastest-ever increase in businesses teetering on the edge of collapse following a Budget severely undermining corporate confidence.
JD Sports CEO warns: ‘Tax increases are unsustainable’
Upcoming tax hikes will be “unmanageable” for UK businesses, warns JD Sports chairman, as the industry braces for rising costs following the recent Budget.
Prepare for additional tax increases, warns Institute for Fiscal Studies (IFS).
British households should prepare for additional tax increases, a leading think tank has cautioned.
Budget 2024 – Rachel Reeves has announced a £40 billion tax increase.
Rachel Reeves has announced a £40 billion tax increase as she presented the first Budget by a Labour government in 14 years.