Live Terminal
Telegram

Firms 'holding back' on new jobs ahead of Budget

Share on WhatsApp Telegram
⚡ Instant Key Takeaways (TL;DR)
🎯
Core Development: Firms 'holding back' on new jobs ahead of Budget
📊
Market & Financial Impact: Some businesses say they want to see employment costs come down in the October Budget.
💡
Actionable Insight: 🏛️ Policy & Macro: Interest rate, inflation, or regulatory changes affecting broad market valuations.

Michelle Bunker from WGP wants to see a reduction in employer's National Insurance contributions

Some businesses are calling for the costs of employing staff to be brought down in the Budget on Wednesday.

A publisher from Tavistock, Devon, said he was "holding back" from filling two new positions at his firm because of the cost of taking on new employees.

At the Devon Business Show some firms said they had been struggling for the past two years to deal with the increases in employers' National Insurance contributions introduced in 2024, while also coping with increases in the National Minimum Wage.

Chancellor John Healey will deliver his first Budget on Wednesday but has refused to rule out tax increases after acknowledging government borrowing costs are at "historic highs".

📰
Official Publisher Attribution: This report is aggregated from Bloomberg. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
Read Original Full Coverage on Bloomberg ↗
⚡
Get Breaking Stock Alerts & Q-Results on Telegram
Real-time 1200x675 image cards and financial filings delivered instantly.
Join @Zerolive_news ↗
Link copied to clipboard! ✅