Retailers urge Healey to cut employment costs |
| Retailers and hospitality businesses, including Tesco, Costa Coffee and the Co-op, have urged Chancellor John Healey to reduce employment costs in his upcoming budget. Executives from M&S and Sainsbury's joined discussions calling for the employer national insurance threshold to rise from £5,000 to £6,000 annually. Businesses argue the previous reduction has damaged recruitment, particularly among young and part-time workers, while increasing consumer prices. Helen Dickinson, the chief executive of the British Retail Consortium, said: "Retail is a major driver of growth, supporting jobs, investment and communities across the country. But after whacking up retailers' taxes by 20% in two years, including an extra £6.5bn in new employment costs, any new costs will be paid by consumers at the till and make it harder for retailers to create jobs. The chancellor recognised these pressures, and we had a positive discussion about our shared ambition for growth and tackling youth unemployment." |
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