"The last few weeks have seen considerable back-and-forth within the government ahead of the budget announcement on the 26 November. While recent reports indicate direct tax hikes are off the table, expectations remain that taxes may rise in more subtle ways. This ongoing uncertainty is fuelling further caution for UK professionals planning pay negotiations in the new year. With many now feeling more confident in seeking out new job opportunities to meaningfully increase their post-tax earnings."
"Findings from global talent solutions partner Robert Walters' newly released 2026 Salary Survey reveal that 72% of professionals say concerns about tax implications will discourage them from negotiating a pay rise next year. In fact, 74% of UK professionals say they would feel more confident applying for a new, higher-paid role in 2026 than asking their current employer for a raise."
High concern about tax implications is reducing willingness among professionals to negotiate pay rises for 2026. Many professionals report greater confidence in applying for higher-paid new roles than asking current employers for raises. Less than half of white-collar professionals expect a pay rise in 2026, while most are open to pursuing new opportunities. Small pay rises this year and potential fiscal drag from frozen income tax thresholds could erode real after-tax gains. Employers face increased turnover risk as tax considerations dampen pay ambitions and motivate job-seeking for better post-tax outcomes.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]