#employment-costs

#employment-costs

FSB's Small Business Index (SBI) for Q3 shows overwhelming pessimism among small firms in the London region, with a headline confidence reading of -46 points. The proportion of small firms in the London region are bracing for contraction, be it downsizing, closure, or a sale, in the next 12 months has risen to 30% per cent.

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.

The second successive monthly fall in UK GDP in May confirms that the strong growth of 0.7% reported in the first quarter was just a flash in the pan.

Greene King expects to be hit with nearly £50 million in additional costs each year due to rising business rates and employment costs, urging government reform.