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national insurance contributions (NICs)

  • Rachel Reeves’ tax raids drag UK to world’s worst hiring slump

    September 9, 2025

    Chancellor Rachel Reeves’ tax raids on employers have continued to harm the economy with fresh figures showing the UK had the worst hiring slump across the globe. The UK suffered the biggest global drop in year-on-year planned hiring, contracting 17 percentage points. Singapore, Hungary and Finland, which followed, all contracted nine per cent, according to [...]

  • Brits resort to ‘job-hugging’ as tax hikes bite

    September 9, 2025

    Workers are now resorting to ‘job-hugging’ after last year’s Labour tax raid had a chilling impact on the UK jobs market. The £40bn cash grab, unveiled by Rachel Reeves in last year’s Autumn Budget, has triggered a significant slowdown in hiring and has resulted in substantial job losses nationwide. As a result of these changes, [...]

  • Butlin’s boss: We’re not going to tax ourselves to success

    August 26, 2025

    The chief executive of holiday park chain Butlin’s has hit out at Chancellor Rachel Reeves after saying increases taxes on businesses is not the way to improve the UK economy. Speaking on an up-coming episode of City AM‘s Boardroom Uncovered show, Jon Hendry Pickup said the country is “not going to tax ourselves to success” [...]

  • Bunzl: FTSE 100 giant hit by Rachel Reeves’ tax grab

    August 26, 2025

    Profit at distribution titan Bunzl took a hit in the first six months of 2025 as challenging economic conditions weighed on the firm’s books. The FTSE 100 giant’s adjusted operating profit came in at £404.5m for the half, an 11.2 per cent drop from £455.5m for the same period the year prior. Despite this shares [...]

  • Rachel Reeves told to ‘get out of the way’ ahead of Autumn Budget

    August 13, 2025

    Chancellor Rachel Reeves has been told to “let businesses get on with it and get out of the way” ahead of delivering her second Autumn Budget in the coming months. A group of 1,500 private business leaders surveyed by KPMG said the Chancellor should focus on promoting higher wages and lower costs for companies. They [...]

  • Iceland in the red as Rachel Reeves’ tax raid forces prices higher

    August 8, 2025

    Iceland has warned it is being forced to increases prices because of Chancellor Rachel Reeves’ tax raids as the supermarket chain fell into the red. The Flintshire-headquartered said that while it is “doing our utmost” to offset increasing costs arising from last year’s Autumn Budget, it will “inevitably have to pass some of these on [...]

  • Swatch: Rachel Reeves’ tax hikes could see profit fall further

    July 16, 2025

    Swiss watch brand Swatch has warned its UK profit could continue to shrink as a result of Chancellor Rachel Reeves’ tax hikes. The business has said the increase in employer’s National Insurance contributions – which were announced in October 2024 and came into effect in April this year – will increase operational costs. Swatch added [...]

  • Andrew Bailey calls for lower interest rates if job market stalls

    July 14, 2025

    The Governor of the Bank of England has called for more dramatic cuts to interest rates if the jobs market sees a substantial slowdown.  In an interview with The Times, Andrew Bailey insisted: “I really do believe the path is downward” for rates.  He said that businesses are “adjusting employment” following Rachel Reeves’ tax hikes [...]

  • London hiring plunges as Rachel Reeves’ tax grab weighs

    July 14, 2025

    London hiring has suffered a steep drop as rising costs weigh on employers following Rachel Reeves’ tax grab. Permanent staff places in the capital – hires with no fixed end date – fell at the sharpest rate in 22 months in June. Meanwhile, temporary bills, which track the total income recruitment agencies earn from placing [...]

  • Fintech leads surge in London finance hiring 

    July 10, 2025

    Fintech helped lead roaring growth in London’s finance hiring for the second quarter of the year as demand for risk professionals surged amid a more moribund jobs market for traditional lenders. New financial services jobs vacancies rose three per cent quarter-on-quarter, according to Morgan McKinley’s London Employment Monitor while Greater London fintech hiring is expected [...]

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