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Summer Job Cuts as Minimum Wage Increase Bites
Barclays Suspends Festival Sponsorship Amid Protests
Asda Outsources Staff to Indian Firm Amid Cost-Cutting Measures
‘Bridgerton Effect’ Adds £275 Million to UK Economy, Says Netflix
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Chris Mears

Chris Mears, Regional Head of Debt Finance at Growth Lending

With more than 99% of the UK’s 5.6 million businesses classed as small or medium enterprises, SMEs form the backbone of the UK’s economy.

How do you scale a business? Unlock potential through growth capital

23 May 202423 May 2024 Columns, In Business Chris Mears 0 Comments

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The recent increase in the minimum wage is exerting significant pressure on employers, leading to a sharp reduction in summer job hiring.

Summer Job Cuts as Minimum Wage Increase Bites

Rising minimum wage pressures have led to a sharp decline in summer job hiring in key sectors such as hospitality, tourism, and construction, as employers grapple with increased wage costs.

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Utilities

Business Energy Claims recovers £25,000 for UK chocolatier

Manufacturing company recovers thousands from mis-sold energy contracts

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