THE boss of booming fashion giant Next has warned a rise in the cost of employing staff will only deter firms from hiring.
Tory peer Lord Wolfson claimed "anything that increases cost" is ultimately going to reduce employment opportunities. His comments follow the Government's drive to get more disabled people back into work.
Wolfson rejected the idea of financial boosts to increase the number of disabled workers, explaining: "It often doesn't work and then you are employing people for the wrong reasons. And that's not good for them or the business."
Next, along with most of Britain's businesses, is also facing a rise in employers' national insurance, and the higher minimum wage from April. The chain says it will lead to a small one per cent rise in prices. Yet it came as Next reached a historic milestone by announcing annual profits up 10 per cent to just over £1billion a landmark retailers figure only achieved in the p...
Tory peer Lord Wolfson claimed "anything that increases cost" is ultimately going to reduce employment opportunities. His comments follow the Government's drive to get more disabled people back into work.
Wolfson rejected the idea of financial boosts to increase the number of disabled workers, explaining: "It often doesn't work and then you are employing people for the wrong reasons. And that's not good for them or the business."
Next, along with most of Britain's businesses, is also facing a rise in employers' national insurance, and the higher minimum wage from April. The chain says it will lead to a small one per cent rise in prices. Yet it came as Next reached a historic milestone by announcing annual profits up 10 per cent to just over £1billion a landmark retailers figure only achieved in the p...
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Daily Record (Digital) - 1 Issue, March 28, 2025