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Consumers will pay for national insurance rises, employers say
Consumers will pay for national insurance rises, employers say

Times

time10-07-2025

  • Business
  • Times

Consumers will pay for national insurance rises, employers say

Employers are planning to raise prices for consumers in order to deal with the higher payroll taxes, raising concerns about persistently high inflation, a survey has found. A closely watched measure of business sentiment in the UK compiled by S&P Global found that just under 50 per cent of firms surveyed said they would absorb the rise in national insurance tax this year by passing on the cost to consumers. Some 36 per cent said they would reduce headcount in response and only 9 per cent said they were planning to cut wages as a result of the NICs change, which came into force from April this year. The findings will concern the Bank of England, which is monitoring how firms react to climbing payroll costs as it decides how far and fast to cut interest rates. If taxes are passed through to consumers, this risks inflation staying above the central bank's 2 per cent target.

Australia's central bank focused on US tariff developments
Australia's central bank focused on US tariff developments

Yahoo

time09-07-2025

  • Business
  • Yahoo

Australia's central bank focused on US tariff developments

SYDNEY (Reuters) -Australia's central bank is very focused on U.S. tariff developments, Deputy Governor Andrew Hauser said on Wednesday, adding that there is an enormous amount of uncertainty in the global economy. The Reserve Bank of Australia on Tuesday surprised markets by holding interest rates steady at 3.85%, saying the majority of the board wanted to wait for more information to confirm inflation was slowing. At an event in Sydney, Hauser said the tariff impact on Australia is still in early days, and that business and household sentiment have not become substantially worse, in contrast to sentiment in the United States and Europe. Sign in to access your portfolio

Trump's Tariffs Sentiment Business Intelligence Report: Current Outlook and Potential Economic Implications within Various Industries
Trump's Tariffs Sentiment Business Intelligence Report: Current Outlook and Potential Economic Implications within Various Industries

Yahoo

time23-05-2025

  • Business
  • Yahoo

Trump's Tariffs Sentiment Business Intelligence Report: Current Outlook and Potential Economic Implications within Various Industries

This report, based on four sentiment polls, reveals business community reactions to trade rule changes. Following Donald Trump's tariff imposition in his second term, most businesses express negative views, though some see opportunities. Conducted in April 2025 with 1,843 respondents, this survey offers insights into economic expectations. Dublin, May 23, 2025 (GLOBE NEWSWIRE) -- The "Strategic Intelligence: Tariffs Sentiment Polls - April 2025" has been added to offering. This report reflects the sentiment of the business community regarding tariffs, based on four recent polls. The surveys aim to capture the current outlook and potential economic implications within various industries. In the initial phase of his second presidency, Donald Trump radically altered global trade dynamics by establishing a 10% global baseline tariff, along with a "reciprocal" tariff strategy. This includes substantial tariffs on strategic industries such as steel, aluminum, and automotive. Additional threats were made towards other sectors, including metals, lumber, semiconductors, and pharmaceuticals. The business community's initial response to these tariffs is largely unfavorable; however, there is a noteworthy segment that anticipates potential benefits from these changes. Scope The sentiment polls were conducted in April 2025 on the Verdict network's B2B websites, which recorded 10.8 million user sessions in the first quarter of 2025. A total of 1,843 respondents participated in the survey, offering valuable insights into the prevailing business attitudes. Reasons to Buy This survey provides a unique perspective on the business sector's views concerning tariffs, shedding light on the levels of concern regarding their effect on business operations. Additionally, it offers a projection on how tariffs might influence the economic outlook over the next year. Key Topics Covered: About our tariffs sentiment polls Executive summary Poll analysis Sentiment polling methodology Thematic research methodology Contact the Publisher For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

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