The boss of retailer Next has suggested that people may find it more difficult to find entry-level jobs in the coming year, due to businesses facing cost pressures through the rises in minimum wage and National Insurance (NI).
Last year’s Budget saw the level at which employers start paying NI reduced from £9,100 to £5,000, with the rate also set to increase. BBC report Lord Wolfson, the chief executive at Next and a Conservative life peer, noting that the changes meant low-paid or entry-level roles would be the ones hardest hit, and called for the government to stagger the changes to the tax bill.
