"The combined effect of higher employer National Insurance contributions and a steeper minimum wage added roughly £6.5bn to retailers' wage bills in the last financial year alone, a sum that, on the BRC's reading, is now translating directly into hiring freezes, reduced rotas and shrinking opportunities at the bottom of the ladder."
The British Retail Consortium warns of a generation being locked out of work due to tax and wage decisions, with the Chancellor's policies causing hiring freezes and reduced opportunities for young people. The BRC estimates a £6.5bn increase in wage bills, leading to hiring freezes and reduced rotas. Helen Dickinson, BRC's CEO, accuses ministers of pushing young workers out of the labour market. Polls show 49% of the public believes Labour must do more to help unemployed young people, making the government's handling of the economy challenging.
Read at Business Matters
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