John Eckbert, Chief Executive of Five Guys, said the increase on employers' National Insurance contributions would slow his company's ability to create new jobs and halt growth.
Businesses are making redundancies at the fastest pace in more than four years ahead of April's rise in employer National Insurance contributions, fresh data suggests.
When Rachel Reeves raised employers' National Insurance in her first Budget last October, she said it was 'to raise the revenues required to fund our public services and to restore economic stability…
The new findings from the British Retail Consortium (BRC) lay bare the dire impact of Rachel Reeves's Budget on the high street and the cost of living.