NI increase may prompt job cuts

Link: Many FDs say NI rise will hit jobs

The rise, 1% on the rate but an effective 10% increase in payments, was announced last year and takes effect from 6 April.

At the beginning of March Accountancy Age published findings which showed that one in four firms could be forced to cut recruitment as a result of the hike in the tax.

The BCC research comes just days away from the increase taking place but also found that, among SMEs, the numbers of companies saying they will have to take action to cut costs climbed to one in three.

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