RE: No cash no revenue30 Oct 2024 19:18
Alot of the employees are in the UK. So NI employer threshold dropping from £9,100 to £5,000 means higher employer NI cost PLUS National insurance (NI) contributions for employers (not employees) will increase by 1.2 percentage points to 15% meaning double hit.
With minimum wage rising above 6%, this is extra cost to the business. The business likes to.pay slightly above minimum wage with no pay rise for 18 months. They will be looking at wages way higher than 6%.
As rishi sunak stated, higher government debt is inflationary, higher interest rates will lead higher interest on government debts.
I think the more analyst dig Into the details, more will come to light
Imho