Reeves' tax hikes have hit one in five job vacancies' at small firms
Briefly

Journalists cover issues such as reproductive rights, climate change and Big Tech and require funding to remain on the ground and report promptly. Donations enable sustained reporting, allow journalists to interview multiple sides, and support free access by avoiding paywalls. Recent research linked an increase in employer national insurance contributions to an 18% fall in small-business job vacancies between July and October, compared with the previous three months. Liberal Democrat analysis of Office for National Statistics figures and warnings from the Federation of Small Businesses argue the measure disproportionately harmed small firms. The policy raised about £25bn, including roughly £4bn allocated to the NHS.
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The findings seen by The Independent revealed that the number of job vacancies at small businesses fell by a fifth (18 per cent) in the three months to July, compared to the three months to October, when the chancellor announced the increase in employer contributions to national insurance in her 2024 Autumn Budget. The move netted Ms Reeves and the Exchequer around 25bn to pay for an increase in public spending including a massive 4bn boost to the NHS.
Read at www.independent.co.uk
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