Senior business leaders are urging the Government to refrain from increasing employment costs in the upcoming Budget. A report by Employment Hero shows that 86% of 1,000 corporate leaders surveyed are concerned about potential tax hikes. If costs rise, 49% may raise prices, risking further inflation. Additionally, 33% would delay hiring, and 24% might consider redundancies. Over half of those polled said they believe the Government overlooks small businesses’ needs. Kevin Fitzgerald, UK managing director of Employment Hero, said: “When you tax small businesses, you tax everyone.” He added: “Small businesses employ the majority of our workforce. Make life harder for them, and you make it harder for Britain to grow.”
Business leaders concerned over tax hikes
67 responses to “Business leaders concerned over tax hikes”
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