Bloomberg Talks CBI Chief Economist Talks Job Cut Expectations
Nov 25, 2024
Louise Hellem, Chief Economist of the Confederation of British Industry, dives into pressing business concerns following the Labour government's tax-increasing budget. She reveals that nearly half of British firms are preparing for job cuts, as the budget fails to attract investment. Hellem discusses the urgent need for a strong industrial strategy to bolster economic growth and navigates the challenges posed by rising payroll taxes. The conversation highlights the critical role of government support during times of economic uncertainty.
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