UK businesses are facing turbulence after Labour's Autumn Budget, anticipating average losses of £138,000 in 2025, exacerbated by a proposed £40 billion tax hike.
An overwhelming 83% of businesses believe Labour's budget changes and the minimum wage increase will adversely affect their revenue, signaling operational instability in the current political climate.
While 76% of leaders are concerned Labour's tax policies will hurt workers' pay, 62% see potential in improved workers' rights positively affecting employee mental health.
Despite challenges, there's openness to new workplace trends; 50% of leaders are willing to trial a 4-day work week while 61% favor a return-to-office model.
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