Reeves admits 'valid argument' against NI hike as youth joblessness nears one million - London Business News | Londonlovesbusiness.com
Chancellor Rachel Reeves acknowledges valid criticism that increased employer National Insurance contributions may discourage hiring, particularly affecting youth unemployment, but maintains the tax rise is necessary to fund public services including the NHS.
John Lewis plumets into the red amid higher NIC and packaging tax - London Business News | Londonlovesbusiness.com
John Lewis Partnership reported a deeper first-half operating loss driven by higher National Insurance and a new packaging levy, while Waitrose remained profitable.
Blow for Reeves as hiring plans at record low' in wake of national insurance hike
Rachel Reeves faces another setback with a significant decline in company hiring plans, recorded at a historic low of 57 percent for the upcoming three months.
Chancellor's tax hikes on retailers will see more going into administration - London Business News | Londonlovesbusiness.com
The primarily online maternity fashion brand, Seraphine, going into administration is a reminder that it's not just high street retailers struggling with higher staffing costs due to the Government's tax and employment policies.
Fire services get 50% less than police to cover tax rises
"Most fire services in England are facing a shortfall in funding after the government failed to give them the same level of compensation for tax increases as the police."