11:23 - 14.01.2025

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January 14, Fineko/abc.az. Large British companies are planning to reduce recruitment this year to the lowest level since the COVID-19 pandemic and limit investments.

ABC.AZ links this with a huge tax increase announced by the government in October.

A quarterly survey conducted by Deloitte among the financial directors of 63 large British companies showed that these steps also affected small and medium-sized businesses.

Thus, government's increase in social security spending by 25 billion pounds ($31 billion) has created negative atmosphere for the business sector.