#payroll-tax

#payroll-tax

Britain has recorded the steepest decline in hiring intentions of any major European economy, as employers struggle with the fallout from last autumn's £26bn payroll tax raid and brace for another squeeze in the Chancellor's November Budget. Data from recruiter ManpowerGroup UK shows the UK labour market is slowing at a pace unmatched elsewhere in Europe. The margin has since collapsed to just 11 points, marking a 17-point fall over the past year.

From July 1, non-government schools with an income higher than $15,000 per student will be subjected to payroll tax, a move that taxes elite private schools heavily.