Firms big and small slam Chancellor Rachel Reeves for saddling them with extra costs in her Budget ...Middle East

FIRMS big and small have slammed the Chancellor for saddling them with extra costs in her Budget. They say Rachel Reeves’ hike in taxes, despite a vow to be “pro-business”, contradicts her growth agenda. Businesses have slammed Rachel Reeves for saddling them with extra costs in her Budget Even the Budget watchdog reckons more than three quarters of firms will have to react by lowering wages and freezing hiring. Employers’ National Insurance Contributions (NICs) will rise from 13.8 per cent to 15 per cent. And reducing the threshold means firms

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