The article reports on a survey revealing that one in four UK businesses are planning redundancies as a result of rising employment costs linked to increases in National Insurance Contributions and the National Living Wage. The CIPD's findings reflect broader economic uncertainties and low employer confidence, which are further exacerbated by the forthcoming Employment Rights Bill. Critics argue that government policies are crushing business confidence and negatively impacting job security, signaling a potential downturn in investment and hiring plans.
Employers across the UK have begun to feel the full effect of increases to National Insurance Contributions and the National Living Wage outlined in last year's budget.
Confidence has collapsed. Labour can't understand why, because their cabinet has zero business experience.
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