The article looks at whether unemployment is forecast to grow and wages are likely to fall as employers, yet to feel the worst of last year’s increase to their national insurance contributions, seek to alleviate the cost of the rising tax burdens announced in Wednesday’s Budget.
“Today’s Budget again piles extra costs onto employers, just as sweeping new duties are being proposed under the forthcoming Employment Rights Bill,” James said. “Creating a bleak outlook for business not only harms employers, but also those private-sector workers that rely on a growing economy for their livelihoods,” he added.
To read the full article, click here: https://www.law360.com/articles/2415735/uk-budget-a-lose-lose-for-employers-and-workers
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