LONDON: Large British businesses plan to cut hiring this year at the fastest pace since the Covid-19 pandemic and scale back investment due to big tax rises announced in the government’s October budget, a survey shows.
Deloitte’s quarterly survey of chief financial officers (CFOs) at 63 of Britain’s largest companies echoed other surveys of smaller and medium-sized businesses also hit by the £25bil (US$31bil) hike in employers’ social security charges.
