Fury as Labour’s tax hikes and red tape sink employer confidence to record lows

TAX increases and business red tape have put employer confidence at record lows, a report warns today.

A quarter of firms plan redundancies in the next three months, while the number looking to hire has fallen to its lowest outside the pandemic.

Bosses are concerned Angela Rayner’s incoming Employment Rights Bill will pile complex and costly responsibilities on companiesGetty

A survey of 2,000 bosses by the Chartered Institute of Personnel and Development found the rate...