Tax rises will make it harder to hire, says business group

Tax rises in the Budget have made it harder for firms to hire, as businesses are facing a tough trading environment due to changes in National Insurance contributions and inheritance tax, according to the CBI. The increase in public spending announced by the chancellor, partly funded by tax hikes on businesses, has been criticized by bosses for hindering investment and growth. Despite the government’s determination to work with firms, concerns have been raised about the impact of these tax changes, with businesses facing significant costs and potential job cuts.

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