Source · Select Committees · Business and Trade Committee
Recommendation 23
23
Increased labour costs from Autumn Budget 2024 significantly impacted labour-intensive small businesses.
Conclusion
The decision to significantly increase labour costs at the Autumn Budget 2024 has had a significant impact on labour-intensive sectors. Future policy changes must both adequately model how small businesses will be affected by tax changes and seek feedback from smaller firms about potential impacts. (Conclusion, Paragraph 100)