UK businesses hit 54% confidence despite £26B tax hike - here's why
Key Points
- Chancellor Reeves' tax increases and minimum wage bumps have...
Chancellor Rachel Reeves just pulled off what economists call "reverse psychology" - slap businesses with a £26 billion payroll tax increase, bump minimum wages by 7%, and somehow watch business confidence rocket to its highest level in nearly a decade at 54%. Either British businesses have developed Stockholm syndrome, or they know something the rest of us don't.
When Life Gives You Tax Hikes, Make Hiring Plans
The Lloyds Business Barometer shows that over 80% of firms are basically shrugging off these tax increases like they're pocket change. Even better, 62% are planning to expand the...
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