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Why price you pay goes up from tomorrow as businesses face new taxes
2025-04-22 13:45:03| Spiritual Career Counseling
UK businesses are set to face a multibillion-pound wave of higher costs this week as higher wages and tax increases come into force. Retail and hospitality bosses have warned that higher labour costs and taxes are set to push up prices for customers across the UK. A raft of measures linked to the Labour Governments first budget will come into force on Tuesday April 1, including a rise in the national minimum wage and higher property tax payments. This will be followed by changes to national insurance contribution (NICs) payments from Saturday April 6. Millions of UK workers will benefit from a rise in the national minimum wage to 12.21 an hour on Tuesday, representing an increase of 77p. The move has forced many of the UKs largest employers to increase their rates of pay, with supermarket groups Tesco and Sainsburys among firms to announce they would hike their basic pay above the new minimum. The rise in wages will come into force at the same time as businesses swallow a raft of t...
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Employment