Try GOLD - Free
One in three firms plan to cut jobs over NICS
The Journal
|June 17, 2025
A THIRD of business owners have said they plan to cut more jobs after being hit by higher national insurance contributions (NICs) in April, according to new research.
-
Many companies have also suggested they will cut back hours, freeze pay and hike prices in order to help cover increased tax payments.
S&W's business owners sentiment survey revealed around 20% of those quizzed said they have already reduced their staff numbers as a “direct result” of the NICs changes.
This story is from the June 17, 2025 edition of The Journal.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Journal
The Journal
Bakery announces closure 'with a heavy heart' amid rising costs
NORTH
1 mins
January 17, 2026
The Journal
GROWTH CHART
VICKY SHAW looks at the postcodes where the housing market is showing promise
1 mins
January 17, 2026
The Journal
Red Bulls skipper staying put
RUGBY UNION George McGuigan will remain at the heart of Newcastle Red Bulls’ forward pack after extending his contract at Kingston Park.
1 min
January 17, 2026
The Journal
Magpies keep eye on their defences
Atalanta centre-back Giorgio Scalvini and below, Sassuolo defender Tarik Muharemovic
2 mins
January 17, 2026
The Journal
Gerry and Sewell adapts swiftly for West End triumph
THE Strand was awash with black and white on Thursday night as Gerry and Sewell officially marked its West End arrival with a gala opening at London's Aldwych Theatre.
3 mins
January 17, 2026
The Journal
Osula to be assessed ahead of Wolves clash
NEWCASTLE
1 mins
January 17, 2026
The Journal
AI tech at MRI centre will speed up scans and results
A newly-refurbished centre for MRI scans has opened at North Tyneside Hospital - and it will use artificial intelligence to improve results.
1 min
January 17, 2026
The Journal
Should you be tracking your children via phone apps?
TECH DEVELOPERS SAY THE TECHNOLOGY CAN GIVE PARENTS PEACE OF MIND, HOWEVER A PSYCHOLOGIST EXPLAINS THAT USING IT MAY UNDERMINE TRUST. LISA SALMON FINDS OUT MORE
4 mins
January 17, 2026
The Journal
Leader blames likely cuts and tax rises on Government
THE Conservative leader of Northumberland County Council has blamed a poor financial settlement from Government for looming cuts in this year’s budget.
3 mins
January 17, 2026
The Journal
Here's how new regulations and technologies might affect your money in the next 12 months...
By CAMILLA FOSTER
3 mins
January 17, 2026
Listen
Translate
Change font size