Businesses need to respond proactively to tax increases.
Last years' budget introduced significant changes affecting business costs, particularly through increases in employer National Insurance contributions (NICs) and the National Minimum Wage (NMW). Whilst these measures aim to enhance worker pay and contribute to public finances, they present substantial financial challenges for UK businesses. We believe that businesses must plan to respond proactively to the impacts that the tax hikes will have on their businesses.
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