Deepening the stagnation of the contract with the progress of the presidents in Rivs the tax raid

Companies cancel employment and preparedness plans to establish workers as they are ready for the impact of Rachel Reeves tax raid worth 40 billion pounds in the next month.

Before the planned rise in the minimum wage and the employer national insurance (NI), the new data shows that the job market is shrinking with companies expanding the scope of investment.

According to the KPMG and Etihad Employment and Employment Report, starting salaries also rise at the slow pace for four years.

It found that the demand for employees suffered “significant decreases” in February, with the demand for permanent roles for the eighteenth month in a row.

This led to the decrease in vacancies in almost all sectors.

The report said: “The recruits often pointed out that the weaker confidence about economic expectations and high salary costs has led companies to stop employment or reduce employment.”

Meanwhile, a separate survey of small and medium-sized companies found that about five-or about 300,000-plans to “reduce the number of employees” to help overcome the Ni altitude.

Two -thirds of those surveyed found that the increase will cost them more than 10,000 pounds, with more than half of them planning to deal with this by raising prices.

Companies also plan to reduce employment and cancel the height.

“Based on our poll, the increasing employer’s contributions will lead to wage growth and loss of jobs between small and medium -sized companies,” said Sima Desai, of Iwoca.

This comes after the leading companies warned that the high contributions of the employer, which will move from 13.8 % of payment to 15 %, are a “job tax”.

In its budget in October, Mrs. Reeves, Chancellor, announced an increase in the national living wages and changes that will witness the minimum wage for 18 to 20 years equivalent to all other adults over time.

“Enable companies to grow at the heart of our prosperity. The advisor must use the spring statement to build their confidence in growth.

“At the present time, things are still slow because companies are breathing in the face of the high cost of April with changes to national insurance and national living wages.

“Obtaining the industrial strategy is a major part of this, for the entire economy, and not only the main sectors – as is the processing of policies in the draft employment law so that it does not prove that it is a growth brake.”

The treasury was contacted to comment.

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