Tax concerns hit highest levels since 2017 as UK businesses forecast Budget linked price increases

In the largest poll of business sentiment since October's Budget, the British Chamber of Commerce's Quarterly Economic Survey found concerns about tax, including national insurance (NI), has spiked.  In her maiden Budget, Chancellor Rachel Reeves increased NI by 1.2 percentage points and at the same time lowered the threshold at which employers start paying the tax on each employee's salary from £9,100 a year to £5,000. Labour forecasts that this change would generate around £25 billion, accounting for more than half of the £40bn of overall tax rises announced in the Budget. ...