Britain's economy has struggled to grow in recent years and companies are now bracing for the new Labour government's solution - a hike in employer taxes to invest in infrastructure and public services, but which bosses fear will lead to higher costs and lower hiring.
Trade body the British Retail Consortium (BRC) said growth was minimal in the final quarter of the year in effect a fall in sales volumes once higher prices are taken into account - and the higher taxes due in April will likely push up prices and cut investment in stores and jobs.
Amid the gloom, the biggest companies performed the strongest.
Bu hikaye Khaleej Times dergisinin January 08, 2025 sayısından alınmıştır.
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Bu hikaye Khaleej Times dergisinin January 08, 2025 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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