Rachel Reeves, the Chancellor, has defended a planned increase in national insurance for businesses set for 2025.The decision will push employers’ contributions up to 15%, drawing…
Browsing: job losses
Rising employer tax rates might delay interest rate cuts, warns Andrew Bailey.The Bank of England notes that inflation decreases led to initial rate cuts.New employer taxes…
Andrew Bailey, the Bank of England Governor, highlighted potential delays in interest rate cuts due to employer tax hikes.The recent reduction in interest rates to 4.75%…
Executives from major retailers caution the UK government on planned budget changes, emphasizing potential economic repercussions.A rise in National Insurance contributions is expected to lead to…
The recent hike in National Insurance is raising alarms among UK retailers, who foresee inevitable job cuts.Chancellor Rachel Reeves has increased employers’ National Insurance by 1.2%…
Firms in the UK consider moving jobs abroad in response to increased expenses due to a National Insurance hike.James Reed from Reed highlights a trend of…
H&M has announced the closure of its Edinburgh call center with a job loss of 150 employees anticipated by year’s end.Employees were informed in August about…
The rescue of TGI Fridays by private equity backers has resulted in significant closures and job losses, despite saving a number of restaurants and positions.51 restaurants…
The recent rescue of TGI Fridays by private equity firms has prompted the closure of numerous branches, leading to substantial job losses.Over 1,000 employees have been…
Harland & Wolff is on the brink of administration, endangering its £1.6 billion contract for Royal Navy ships.The shipyard confronts a cash shortfall, risking domestic shipbuilding…