Three in ten firms to employ fewer people as result of NIC increase, IoD finds

AVASK MarketingBusiness News

A survey carried out by the Institute of Directors (IoD) has found that three in ten businesses plan on employing fewer people as a result of the increase in national insurance contributions (NICs). Last month Prime Minister Boris Johnson announced plans to supply an additional £12 billion per year for …

News and Information from AVASK about the COVID-19 Coronavirus and how AVASK is responding

Chancellor warned of redundancies as furlough scheme ends

AVASK MarketingCOVID-19 News

The government’s Coronavirus Job Retention Scheme (CJRS) ends today (30 September) after supporting millions of workers during the pandemic. The government said the wages of more than 11 million people were subsidised for at least some of the scheme’s duration at a cost of around £70 billion. There is now …

News and Information from AVASK about the retail sector in the United Kingdom

Inflation sees sharpest increase on record

AVASK MarketingBusiness News

Inflation rose to 3.2% last month from 2% in July – its largest ever recorded increase, according to the Office for National Statistics (ONS). The Consumer Prices Index (CPI) measure of inflation for August was the highest since March 2012, though the ONS said much of the effect was likely to …

Staff shortages could continue for two years, warns CBI

AVASK MarketingBusiness News

Labour supply problems could last for up to two years and will not be solved by the end of the Coronavirus Job Retention Scheme (CJRS), the Confederation of British Industry (CBI) has warned. The CBI said that although a lack of HGV drivers has dominated the headlines, the challenge extends to many other skilled professions. Marrying skills policies …