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fromLondon Business News | Londonlovesbusiness.com
15 hours ago

Unemployment has risen by nearly 24% since Labour took office - London Business News | Londonlovesbusiness.com

The Office of National Statistics latest report shows unemployment has risen from 4.1% when Labour took office in July 2024 to 5.1% on Tuesday, an increase of around 24%. This is the sharpest rise in joblessness in several years and takes us back to levels last seen during the recovery from the pandemic. Businesses have been hit hard by Labour's increase to employers National Insurance Contributions (NICs) and National Minimum Wage (NMW).
UK politics
Business
fromLondon Business News | Londonlovesbusiness.com
1 week ago

Will HMRC be fining Santa Claus for PAYE failures this Christmas? - London Business News | Londonlovesbusiness.com

Employers who fail to operate PAYE correctly risk HMRC penalties, payroll liabilities and minimum wage obligations, including international entrepreneurs without a UK double tax treaty.
UK politics
fromLondon Business News | Londonlovesbusiness.com
2 weeks ago

Restaurants set to spend 30,000 annually just to maintain the same staffing levels - London Business News | Londonlovesbusiness.com

SMEs face rising costs and uncertainty; targeted tax relief supports micro-firms, but wage and rate increases still constrain growth, hiring, and investment.
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