Impending tax rises from autumn budget fuel collapse in sentiment and rising redundancy intentions, surveys show
UK employers are preparing for the biggest redundancy round in a decade amid collapsing business confidence as firms brace for tax increases from April that Rachel Reeves announced in her autumn budget.
In a fresh blow for the chancellor, the Chartered Institute of Personnel and Development (CIPD), which represents human resources professionals, said a survey of 2,000 employers showed redundancy intentions at their highest level in 10 years, barring the Covid pandemic.
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Source link : https://www.theguardian.com/business/2025/feb/17/uk-firms-mull-biggest-layoffs-in-a-decade-as-business-confidence-slumps
Author : Phillip Inman
Publish date : 2025-02-17 00:01:00
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