Treasury minister admits big business will have to ‘suck it up’ when dealing with Budget tax hikes ...Middle East

Getty TREASURY Minister Darren Jones has spelled out that big business will have to ‘suck it up’ when dealing with Budget tax hikes. The Cabinet Minister dismissed calls for extra help for struggling firms after a £25 billion hit to firms last month. GettyTesco is facing a £1 billion increase in employer national insurance contributions until mid-2029 which could lead to job cuts and price hikes[/caption] Tesco is facing a £1 billion increase in employer national insurance contributions until mid-2029 which could lead to job cuts and price hikes. Supermarkets and the hospitality industry which employ large numbers of lower-paid staff are being badly hit by the move.

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