Bloomberg Daybreak: Europe Edition cover image

Major Job Cuts Coming Says CBI, UK Funds Tax Warning & Germany’s Bond Boost

Bloomberg Daybreak: Europe Edition

CHAPTER

UK Businesses Brace for Workforce Cuts Amid Tax Increases

This chapter delves into a survey revealing that nearly half of British businesses plan to cut jobs and hire fewer employees, coinciding with recent tax increases. The government is also considering measures to reclaim pension tax breaks from asset managers to encourage more investment in the UK.

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