Tax and pay hikes to see firms pay £2,300 more per low-wage worker this year

By Yahoo! Finance   |   4 days ago
Tax and pay hikes to see firms pay £2,300 more per low-wage worker this year

UK businesses face a significant rise in costs employing staff on minimum wage, with an average increase of over £2,000 per worker. The tax burden is at a record high due to changes in employer national insurance rates and thresholds. This has led to concerns of job losses and price increases among retailers.

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