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flag Over 300,000 UK SMEs plan to cut jobs due to increased employer National Insurance costs.

flag Over 300,000 UK small and medium-sized enterprises (SMEs) plan to cut jobs due to an upcoming rise in employer National Insurance contributions (NICs). flag The survey indicates 22% of SME leaders will reduce staff, with 35% slowing hiring, 31% cutting pay rises, and 27% delaying promotions. flag To manage costs, 59% of SMEs expect to raise prices, with two-thirds estimating the hike will cost them over £10,000 each.

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