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November 14, 2024
November 25, 2024
The head of the Confederation of British Industry (CBI) has expressed concerns that the recent tax increases announced in the budget will hinder businesses' ability to hire staff, according to The Times.
The statement underscores the challenges businesses are already facing amid economic uncertainty, rising costs, and labour shortages.
By increasing the tax burden, the CBI argues, companies may find it harder to expand their workforce or invest in growth. This could have broader implications for economic recovery and efforts to reduce unemployment.
The remarks come as business leaders and economists continue to analyse the budget’s long-term impact on the private sector and its ability to drive economic stability.
Source: Sky news
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