UK firms mull biggest layoffs in a decade as business confidence slumps

<p>Impending tax rises from autumn budget fuel collapse in sentiment and rising redundancy intentions, surveys show</p><p>UK employers are preparing for the biggest redundancy round in a decade amid collapsing business confidence as firms brace for tax increases from April that Rachel Reeves announced in her autumn budget.</p><p>In a fresh blow for the chancellor, the Chartered Institute of Personnel and Development (CIPD), which represents human resources professionals, said a survey of 2,000 employers showed redundancy intentions at their highest level in 10 years, barring the Covid pandemic.</p> <a href="https://www.theguardian.com/business/2025/feb/17/uk-firms-mull-biggest-layoffs-in-a-decade-as-business-confidence-slumps">Continue reading...</a>