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UK businesses plan layoffs and price hikes due to rising employment costs, survey shows.
UK employers are planning significant layoffs and hiring freezes in response to increased employment taxes and wages, according to a CIPD survey.
Nearly a third of businesses expect to reduce their workforce, while 42% plan to raise prices.
Small business confidence is at a five-year low, with the Federation of Small Businesses reporting a dramatic drop in sentiment.
The planned increases in National Insurance contributions and the national living wage are seen as major factors behind the planned cuts.
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Las empresas del Reino Unido planean despidos y alzas de precios debido al aumento de los costes de empleo, según la encuesta.