British firms cut jobs at the sharpest pace in four years during December, following the Chancellor’s budget measures that increased employment costs and dampened business confidence. The rate of job
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British business leaders’ confidence experienced a modest uptick in December, although persistent concerns about rising costs could hamper growth prospects in 2025. The Institute of Directors’ (IoD) economic optimism index
British retailers are bracing for what experts predict will be a record-breaking year of shop closures in 2025, driven by the imminent rise in business rates and persistent economic headwinds.