Retail and hospitality bosses have warned that higher labour costs and taxes are set to push up prices for customers across the UK.
A UK payslip showing statutory details for taxable pay, tax paid and NI contributions by the employer and employee. Wages, pay.
Millions of UK workers will benefit from a rise in the national minimum wage to £12.21 an hour on Tuesday, representing an increase of 77p. One of the most significant of these will be an increase in business rates for many high street firms due to a reduction in current discounts for more than 250,000 retail, hospitality and leisure firms.
Pub, retail and leisure bosses have called for an overhaul of the business rates regime in the Government’s next budget. Retailers will be liable to pay a charge, based on weight, for every item of packaging they use in the products that they sell.
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