The true cost of yesterday's NIC changes for UK business - London Business News | Londonlovesbusiness.comMedium-sized businesses will face significant additional costs due to new National Insurance Contributions, impacting hiring and growth.
A further increase in Employment Allowance could help businesses cope with rising NIC - London Business News | Londonlovesbusiness.comIncreasing Employment Allowance could ease the burden of rising National Insurance Contributions on businesses.
The true cost of yesterday's NIC changes for UK business - London Business News | Londonlovesbusiness.comMedium-sized businesses will face significant additional costs due to new National Insurance Contributions, impacting hiring and growth.
A further increase in Employment Allowance could help businesses cope with rising NIC - London Business News | Londonlovesbusiness.comIncreasing Employment Allowance could ease the burden of rising National Insurance Contributions on businesses.
UK businesses increasingly concerned over incoming NIC and NLW increases - London Business News | Londonlovesbusiness.comSMEs increasingly fear layoffs due to upcoming increases in National Insurance contributions and National Living Wage.
Chancellor's October Budget is 'now hitting retailers with an extra 5bn on their employment bill' - London Business News | Londonlovesbusiness.comRetail entry-level job costs have surged by over 10% due to NIC and National Living Wage increases.
Employers may need to 'reassess their staffing levels, recruitment plans, and compensation packages' - London Business News | Londonlovesbusiness.comSignificant increases in National Living Wage support workers while posing payroll challenges for employers.
UK businesses increasingly concerned over incoming NIC and NLW increases - London Business News | Londonlovesbusiness.comSMEs increasingly fear layoffs due to upcoming increases in National Insurance contributions and National Living Wage.
Chancellor's October Budget is 'now hitting retailers with an extra 5bn on their employment bill' - London Business News | Londonlovesbusiness.comRetail entry-level job costs have surged by over 10% due to NIC and National Living Wage increases.
Employers may need to 'reassess their staffing levels, recruitment plans, and compensation packages' - London Business News | Londonlovesbusiness.comSignificant increases in National Living Wage support workers while posing payroll challenges for employers.
Window closing fast for UK expats to boost state pension - London Business News | Londonlovesbusiness.comUK expats have until April 5 to pay voluntary National Insurance contributions to boost their future state pension.
Taxpayers given until 5 April to boost state pension via National Insurance top-upsTaxpayers can top up their state pension by making backdated National Insurance Contributions until April 5, 2025.
Taxpayers have until 5 April to top up their state pension by making National Insurance Contributions - London Business News | Londonlovesbusiness.comTaxpayers can backdate National Insurance Contributions until April 5 to enhance their state pension.
Window closing fast for UK expats to boost state pension - London Business News | Londonlovesbusiness.comUK expats have until April 5 to pay voluntary National Insurance contributions to boost their future state pension.
Taxpayers given until 5 April to boost state pension via National Insurance top-upsTaxpayers can top up their state pension by making backdated National Insurance Contributions until April 5, 2025.
Taxpayers have until 5 April to top up their state pension by making National Insurance Contributions - London Business News | Londonlovesbusiness.comTaxpayers can backdate National Insurance Contributions until April 5 to enhance their state pension.
Peers seek tax rise safeguards for health workersHouse of Lords attempts to block increased National Insurance contributions for health and social care workers amid ongoing parliamentary disputes.
Chancellor's National Insurance hike will backfire on business and the economy - London Business News | Londonlovesbusiness.comThe government's NICs hike will likely lead to job losses and a weakened economy.
More tax rises could be coming in the Spring Statement - London Business News | Londonlovesbusiness.comChancellor Rachel Reeves may have to implement tax rises despite her commitment to limit fiscal events.
Jobless rate set to rise' as experts warn of National Insurance hike impactIncrease in employers' national insurance contributions may lead to higher unemployment and reduced job creation.
That's two people we won't hire now': bosses react to Reeves's tax risesThe new budget raises business taxes, impacting hiring prospects in the UK engineering sector.
Chancellor's National Insurance hike will backfire on business and the economy - London Business News | Londonlovesbusiness.comThe government's NICs hike will likely lead to job losses and a weakened economy.
More tax rises could be coming in the Spring Statement - London Business News | Londonlovesbusiness.comChancellor Rachel Reeves may have to implement tax rises despite her commitment to limit fiscal events.
Jobless rate set to rise' as experts warn of National Insurance hike impactIncrease in employers' national insurance contributions may lead to higher unemployment and reduced job creation.
That's two people we won't hire now': bosses react to Reeves's tax risesThe new budget raises business taxes, impacting hiring prospects in the UK engineering sector.
Removing 'side hustle' taxpayers from Self-Assessment obligations will help free up the UK's 'clogged' tax system - London Business News | Londonlovesbusiness.comThe UK government aims to simplify tax obligations by removing 300,000 taxpayers from self-assessment, improving efficiency.
More than 300,000 businesses set to cut jobs due to the Chancellor's employer National Insurance - London Business News | Londonlovesbusiness.comOver 300,000 SMEs plan job cuts due to increased National Insurance contributions.
Data from the British Chambers of Commerce paints a stark picture for SMEs across the UK - London Business News | Londonlovesbusiness.comSMEs face heightened challenges from rising taxation and costs, particularly with increased National Insurance Contributions impacting profitability and growth.
More than 300,000 businesses set to cut jobs due to the Chancellor's employer National Insurance - London Business News | Londonlovesbusiness.comOver 300,000 SMEs plan job cuts due to increased National Insurance contributions.
Data from the British Chambers of Commerce paints a stark picture for SMEs across the UK - London Business News | Londonlovesbusiness.comSMEs face heightened challenges from rising taxation and costs, particularly with increased National Insurance Contributions impacting profitability and growth.
GPs 'facing closure' over national insurance hikeThe hike in national insurance contributions threatens the viability of Northern Ireland GP practices, risking closures without government support.
Tax changes will force us to cut staff, say UK hospitality companiesTwo-thirds of hospitality businesses plan to cut staff due to tax changes.
Hospitality firms to incur 1bn costs from employer NICs on 774,000 more workers'The hospitality sector is set to face an additional burden of £1 billion due to new national insurance contributions, threatening jobs and businesses.
A worrying Budget for hospitality - London Business News | Londonlovesbusiness.comBusinesses are facing significant tax increases, particularly in the hospitality sector, which could hamper growth and cause cost management challenges.
Tax changes will force us to cut staff, say UK hospitality companiesTwo-thirds of hospitality businesses plan to cut staff due to tax changes.
Hospitality firms to incur 1bn costs from employer NICs on 774,000 more workers'The hospitality sector is set to face an additional burden of £1 billion due to new national insurance contributions, threatening jobs and businesses.
A worrying Budget for hospitality - London Business News | Londonlovesbusiness.comBusinesses are facing significant tax increases, particularly in the hospitality sector, which could hamper growth and cause cost management challenges.
UK one of most expensive countries for childcare, as nursery fees set to rise againNurseries in the UK are facing fee hikes due to increased national insurance contributions, exacerbating high childcare costs for families.Quality journalism remains accessible without paywalls at The Independent, crucial during significant societal challenges.
More than half Gen Z think authoritarian leader better for UK than democracy, poll suggests UK politics livePrivate sector firms face a slowdown, leading to staff cuts and price increases.
We had no alternative': Reeves to defend her budget to the CBIRachel Reeves asserts her tax-raising budget is necessary and critiques critics for failing to propose alternatives.
Chancellor's Budget 'could cripple small businesses' - London Business News | Londonlovesbusiness.comThe National Enterprise Network warns that increased taxes and costs could threaten small businesses' survival, which are vital for local communities and the economy.
Budget 2024: Record 40bn tax hike set to slow UK economic growth, warns OBRChancellor Rachel Reeves' Budget introduces a £40bn tax rise, raising concerns about its potential negative impact on long-term economic growth.
UK's 'tax on employment' is hurting business, says Centrus CEOThe increase in employer national insurance contributions may jeopardize business confidence and economic growth in the UK.
More than half Gen Z think authoritarian leader better for UK than democracy, poll suggests UK politics livePrivate sector firms face a slowdown, leading to staff cuts and price increases.
We had no alternative': Reeves to defend her budget to the CBIRachel Reeves asserts her tax-raising budget is necessary and critiques critics for failing to propose alternatives.
Chancellor's Budget 'could cripple small businesses' - London Business News | Londonlovesbusiness.comThe National Enterprise Network warns that increased taxes and costs could threaten small businesses' survival, which are vital for local communities and the economy.
Budget 2024: Record 40bn tax hike set to slow UK economic growth, warns OBRChancellor Rachel Reeves' Budget introduces a £40bn tax rise, raising concerns about its potential negative impact on long-term economic growth.
UK's 'tax on employment' is hurting business, says Centrus CEOThe increase in employer national insurance contributions may jeopardize business confidence and economic growth in the UK.
SME employment growth set to flat-line through 2025 - London Business News | Londonlovesbusiness.comJob growth in UK SMEs has sharply declined, leading to concerns over employment sustainability after a government tax increase.
Labour's jobs tax is hurting economic growth following the Budget - London Business News | Londonlovesbusiness.comThe increase in National Insurance Contributions is leading to a decline in full-time employment, particularly affecting vulnerable workers.Employers are responding negatively to government policies, resulting in preemptive hiring cuts before the changes take effect.
Navigating workforce changes in the UK for small businesses - London Business News | Londonlovesbusiness.comSmall business owners in the UK face increasing challenges due to new regulations and administrative demands, but digital tools can ease the burden.
SME employment growth set to flat-line through 2025 - London Business News | Londonlovesbusiness.comJob growth in UK SMEs has sharply declined, leading to concerns over employment sustainability after a government tax increase.
Labour's jobs tax is hurting economic growth following the Budget - London Business News | Londonlovesbusiness.comThe increase in National Insurance Contributions is leading to a decline in full-time employment, particularly affecting vulnerable workers.Employers are responding negatively to government policies, resulting in preemptive hiring cuts before the changes take effect.
Navigating workforce changes in the UK for small businesses - London Business News | Londonlovesbusiness.comSmall business owners in the UK face increasing challenges due to new regulations and administrative demands, but digital tools can ease the burden.
Chancellor warned Currys will hire less staff due to the Budget - London Business News | Londonlovesbusiness.comCurrys faces reduced hiring and rising wage costs due to new budget measures, which will lead to inevitable price increases.
Big retail will cope but Reeves' NICs raid is too much, too soon for part-timers | Nils PratleyRetail giants can absorb increased NICs but smaller retailers face greater challenges due to limited resources.
Permanent job vacancies in UK shrink at fastest pace for four yearsPermanent job vacancies in the UK declined at the fastest pace in four years, signaling a cautious hiring environment.Despite declines, wage inflation is rising, indicating sustained demand for workers.
UK firms plan price rises as confidence falls to lowest level since Truss budgetOver half of British companies plan to raise prices, reflecting low business confidence and rising tax concerns.
Unemployment rising is a 'warning sign' for Labour following on 'from the Budget' - London Business News | Londonlovesbusiness.comUK unemployment rate rose to 4.3%, signaling potential economic concerns for the government despite a rise in wage growth.
Sharp fall in UK business activity forecast as economic gloom deepensBritish firms foresee a significant decline in activity and hiring for 2025 due to increased national insurance contributions.
From Trump tariffs to AI: the big economic questions facing governments in 2025The UK economy faces significant challenges as Labour's policies and external factors create uncertainty for 2025.
Insolvency expert warns Labour's Budget burdens threaten to push businesses to the brink - London Business News | Londonlovesbusiness.comNew tax increases may lead to more business failures amid ongoing financial pressures.
Employment retracts 1.2% in November following Labour's anti-jobs Budget - London Business News | Londonlovesbusiness.comFull-time employment in the UK is declining due to a rise in employer National Insurance Contributions, negatively impacting hiring practices especially for younger individuals.
Unemployment rising is a 'warning sign' for Labour following on 'from the Budget' - London Business News | Londonlovesbusiness.comUK unemployment rate rose to 4.3%, signaling potential economic concerns for the government despite a rise in wage growth.
Sharp fall in UK business activity forecast as economic gloom deepensBritish firms foresee a significant decline in activity and hiring for 2025 due to increased national insurance contributions.
From Trump tariffs to AI: the big economic questions facing governments in 2025The UK economy faces significant challenges as Labour's policies and external factors create uncertainty for 2025.
Insolvency expert warns Labour's Budget burdens threaten to push businesses to the brink - London Business News | Londonlovesbusiness.comNew tax increases may lead to more business failures amid ongoing financial pressures.
Employment retracts 1.2% in November following Labour's anti-jobs Budget - London Business News | Londonlovesbusiness.comFull-time employment in the UK is declining due to a rise in employer National Insurance Contributions, negatively impacting hiring practices especially for younger individuals.
Fact check: Would a employer national insurance hike be a tax on working people'?Labour may raise employer NICs despite a manifesto pledge not to raise taxes on working people, amidst a £22 billion fiscal challenge.
CBI chair accuses government of treating employers as cash cow'The government faces criticism for overburdening businesses with increased costs and complex employment regulations, hindering job growth.
Fact check: Would a employer national insurance hike be a tax on working people'?Labour may raise employer NICs despite a manifesto pledge not to raise taxes on working people, amidst a £22 billion fiscal challenge.
CBI chair accuses government of treating employers as cash cow'The government faces criticism for overburdening businesses with increased costs and complex employment regulations, hindering job growth.
Salaries in the UK Rise at Fastest Rate in Three Years Amid Christmas Hiring SurgeChristmas hiring is boosting Britain's job market, with salaries rising significantly despite increased competition for available positions.
Asda boss says 100m hit from Labour budget could affect wages and hiringAsda faces a £100 million burden from government budget measures, impacting wage increases and hiring amid declining sales.
Services for most-vulnerable people at risk after NICs rise, charities sayTax increases in England's budget threaten essential services for vulnerable populations, risking charity sector viability and social care adequacy.
Navigating Tax Obligations for Your Business: Essential InsightsUnderstanding tax obligations is vital for UK businesses to ensure compliance and avoid pitfalls.