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The Independent UK
The Independent UK
Henry Saker-Clark

Third of businesses planning further job cuts after national insurance hikes

Insurance United States NHS SW
Many businesses have suggested they will cut back hours, freeze pay and hike prices in order to help cover increased tax payments (Yui Mok/PA) - (PA Archive)

A third of business owners have said they plan to cut more jobs after being hit by higher national insurance contributions (NICs) in April, according to new research.

Many companies have also suggested they will cut back hours, freeze pay and hike prices in order to help cover increased tax payments.

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