Next: Lord Wolfson warns Budget will make it ‘harder’ to enter workforce Retail The boss of retail giant Next has warned that tax rises announced in the Budget will make it “harder and harder for people to enter the workforce”. Lord Wolfson told the BBC that the government’s move to hike national insurance (NI) would disproportionately hit entry-level jobs. “The axe has fallen particularly hard on those entry-level, [...]
Inflation spike ‘raises questions’ over health of UK economy Economics The spike in inflation to 2.6 per cent today has raised questions about the health of the UK economy, according to analysts. The news comes ahead of the Bank of England’s meeting to decide the path of interest rates tomorrow, with markets agreeing that combined with higher-than-expected wage growth yesterday, a cut is off the [...]