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UK businesses will face increased employment costs of £2,367 per worker in 2025 due to tax hikes and wage increases announced in the recent Budget.
The Labour government defends its tax measures, expecting to raise an additional £23 billion for the Treasury, affecting costs associated with employing lower-paid workers.
Major retailers express concern over the tax increases, predicting that the heightened financial burden will result in unavoidable job losses across the sector.
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