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theguardian.com

UK Businesses Face Rising Costs

UK businesses face rising costs due to increased national insurance and taxes, impacting profitability and potentially leading to closures and consolidation.

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English

United Kingdom

EconomyLabour MarketBusinessRetailTaxesCosts

Marks & SpencerJd WetherspoonSainsbury'sAmazonShein

Stuart MachinRachel Reeves

What are the potential effects of the increased costs on the retail landscape?: The increased costs are likely to lead to closures of small shops, accelerated consolidation among businesses, and intensified lobbying for business rates reform.
What is JD Wetherspoon's estimate for increased taxes and business costs in 2025?: JD Wetherspoon estimates a \u00a360 million increase in taxes and business costs for 2025, with a significant jump in national insurance contributions.
What challenges do smaller companies face in response to the increased tax burden?: Smaller companies face a "double whammy" of increased employer's national insurance rates and reduced small business relief, impacting their ability to absorb increased costs.
How much will Marks & Spencer pay extra in employers' national insurance next year?: Marks & Spencer expects to pay an extra \u00a360 million in employers' national insurance next year due to wage increases.
What is Sainsbury's projected increase in employers' national insurance and wage costs next year?: Sainsbury's anticipates a potential \u00a3120 million rise in employers' national insurance bills next year, along with an additional \u00a380 million from wage increases.

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