#smes

#smes

SMEs face significant challenges due to increased National Insurance contributions, impacting recruitment and wages.

Salary sacrifice schemes could alleviate some financial pressures, saving SMEs over £4 billion annually.

Rising energy costs and National Insurance hikes will disproportionately burden SMEs already struggling with recovery from the pandemic.

The UK Budget's tax increases threaten the growth and viability of SMEs, contradicting the government's initial support promises.

Businesses' responses to the national insurance hike are critical for economic stability, particularly for SMEs facing potential layoffs.

SMEs face heightened challenges from rising taxation and costs, particularly with increased National Insurance Contributions impacting profitability and growth.