National insurance hike has ‘taken a bite’ out of London labour market February 14, 2025 Permanent placements made by recruitment firms fell for the sixth consecutive month in January, according to a survey from KPMG and the REC.
Labour market: Vacancies ‘tumble’ in January ahead of Labour’s tax raid February 10, 2025 Demand for staff fell at its greatest extent since August 2020, a new report from KPMG and the Recruitment and Employment Confederation (REC) said.
UK economy: Services firms’ new orders fall for first time in over a year February 5, 2025 The survey showed that incoming work for services firms decreased in January, ending a 14-month period of continuous growth.
IoD: Business confidence remains ‘historically depressed’ February 1, 2025 The Institute of Director's (IoD) economic confidence index stood at -59, which was up slightly from -61 in December but still at a very weak ebb.
Why Chancellor Rachel Reeves opted for the ‘jobs tax’ in the Budget January 28, 2025 The government has frantically been searching for a story to tell on the economy since the turn of the year, after the Budget was so poorly received by both businesses and households.
Firms finding it ‘almost impossible’ to survive after Labour tax hikes January 24, 2025 Less than three months after the Budget, critical financial distress for UK businesses climbs by 50 per cent, with the construction sector leading the table
JD Wetherspoon boss Tim Martin calls on Starmer to reduce pub taxes January 22, 2025 Wetherspoons chairman Tim Martin has once again called on the government and Keir Starmer to reduce the tax gap between supermarkets and pubs in his company’s latest trading update. Martin said following the government’s decision to hike the national minimum wage, business rates and employers’ national insurance, costs at Wetherspoon will increase by around £60m [...]
Man United legend Bryan Robson to be hit with tax bill over ambassador role January 21, 2025 Former Man United legend Bryan Robson has lost a chunk of his IR35 case against HMRC leaving him exposed to a undisclosed tax bill
Rachel Reeves’ tax hikes pose ‘major threat’ to UK labour market resilience January 20, 2025 The government's tax hike pose a "major threat" to the health of the labour market, a leading economist has warned.
Next: Lord Wolfson warns Budget will make it ‘harder’ to enter workforce January 17, 2025 The boss of retail giant Next has warned that tax rises announced in the Budget will make it “harder and harder for people to enter the workforce”. Lord Wolfson told the BBC that the government’s move to hike national insurance (NI) would disproportionately hit entry-level jobs. “The axe has fallen particularly hard on those entry-level, [...]