British Chambers of Commerce

“pushed up an average firm's expenses by 70 per cent in a decade”

“A typical-mid-sized firm is now paying roughly £827,000 more a year than they were in 2016”

“around a quarter of the total increase in costs came from former Chancellor Rachel Reeves' decision to hike national insurance contributions for employers at her first budget in 2024”

“raising the rate of national insurance contributions for companies from 13.8 per cent to 15 per cent and lowering the salary threshold at which firms start paying the levy to £5,000”

“aimed to raise an extra £25bn in government revenue each year”

“pension schemes, which now auto-enrol employees and force some businesses to make contributions at three per cent of earnings”

“Those costs made up the 'overwhelming bulk of the stack' for firms that make around £5m in turnover and employ about 50 people”

“the burden grew by £11bn in 2009”

“the UK adopted 40 new European regulations”

“almost a third of the regulatory burden came from European Union directives last year”

“a moratorium on new employment laws until at least 2014”

“The BCC said it was concerned that George Osborne could use next week's Budget to unveil a rise in capital gains tax.”

“the cost to business was £88.3bn last year”

“the burden grew by £11bn in 2009 after the UK adopted 40 new European regulations”

“The BCC further wants to see a moratorium on new employment laws until at least 2014”

“a report said the cost to business was £88.3bn last year.”

“The study has come from the British Chambers of Commerce, which said the burden grew by £11bn in 2009 after the UK adopted 40 new European regulations.”