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Tax hikes push firms to automate jobs, says top UK recruiter
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City AM
Tax hikes push firms to automate jobs, says top UK recruiterRachel Reeves’ tax hikes have mounted pressures onto businesses.
Tax hikes and wage pressures are putting Brits at risk of losing roles to automation and offshoring, a top UK recruitment firm has warned.
“Wage pressures and national insurance changes are pushing employers to explore automation and offshoring,” Tom Way, Hays’ UK and Ireland chief executive, said.
Tax pressures lead firms to trim headcountThe rise of artificial intelligence has already began to dampen the jobs market with firms scaling back hiring roles.
A Bank of England survey of UK finance chiefs released earlier this month showed employers had slashed jobs at the fastest pace in four years as they suffer the costs of Reeves’ tax hikes.