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One in Five UK Bosses to Cut Parental Leave After Labour’s Tax Hikes
- CMI survey shows 22% of bosses to scale back enhanced benefits
- Workers are bearing the costs of Labour raising payroll taxes
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More than one in five British managers expect to scale back parental leave perks to cope with rising employment costs, a survey has found, further evidence of how workers are bearing the costs of Chancellor of the Exchequer Rachel Reeves’ tax hikes on companies.
Around 22% of managers offering “enhanced” parental benefits said it’s likely that they’ll be made less generous, while a tenth are actively reviewing or planning reviews of their policies to help manage costs, according to the Chartered Management Institute poll of 1,200 managers conducted between Jan. 22 and Feb. 3.