Bosses are 'holding their breath' ahead of the Budget later this month amid fears that Rachel Reeves is plotting a tax raid on businesses, including an increase to employers' NI payments.
A record number of businesses are ‘teetering on the edge of collapse’ amid uncertainty ahead of the Budget.
The figure soared by a third to nearly 633,000 companies in the three months to the end of September, when compared to the previous year. Experts warned Labour’s workers’ rights bill will cause ‘further pain’ for businesses by making it more difficult and expensive to hire staff.Businesses are holding their breath amid concerns that the Chancellor is planning a tax raid on firms
The support services, construction and property sectors had the highest number of companies struggling.
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