UK. Increase in pension contributions would create tough times for small businesses
Small businesses would be forced into some tough trade-offs if pension contributions were to rise by 6%, according to a report by the Federation of Small Businesses (FSB). The vast majority (92%) of businesses would have to raise their prices, recruit fewer workers, cut profits or reduce the number of employees to cope with a doubling in pension contributions, the FSB said. The organisation called for a full economic assessment, along with a review of how workplace pension changes impact employers, before...
