{"id":23126,"date":"2025-07-25T16:24:21","date_gmt":"2025-07-25T16:24:21","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/23126\/"},"modified":"2025-07-25T16:24:21","modified_gmt":"2025-07-25T16:24:21","slug":"firms-to-cut-jobs-ahead-of-rise-in-employment-costs","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/23126\/","title":{"rendered":"Firms to cut jobs ahead of rise in employment costs"},"content":{"rendered":"<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Rises to National Insurance Contributions (NICs) by employers as well as an increase in the National Minimum Wage, announced in October&#8217;s Budget, will come into force in April. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">According to the CIPD survey, just over a third of the 2,000 firms it spoke to said they planned to reduce their headcount through redundancies or by recruiting fewer workers. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">More companies, some 42%, said they would lift prices, while a quarter of those surveyed said &#8220;they are cancelling or scaling down plans for investing in or expanding their business&#8221;.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The findings come ahead of the latest official employment figures which are due to be published on Tuesday.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Peter Cheese, chief executive of the CIPD, said these were the &#8220;most significant downward changes in employer sentiment we&#8217;ve seen in the last 10 years, outside of the pandemic&#8221;.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;It&#8217;s the everyday economy sectors, such as retail and hospitality, which employ large numbers of people, that will be particularly affected by impending increases to employment costs.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"Rises to National Insurance Contributions (NICs) by employers as well as an increase in the National Minimum Wage,&hellip;\n","protected":false},"author":2,"featured_media":23127,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[84,1371,56,54,55],"class_list":["post-23126","post","type-post","status-publish","format-standard","has-post-thumbnail","category-jobs","tag-business","tag-jobs","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/23126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=23126"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/23126\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/23127"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=23126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=23126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=23126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}