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Hays Comment on BCC Report

Paul Venables, Group Finance Director at Hays, comments on the BCC 'Employment Burdens Timeline' Report: The planned increase in taxes and greater employment regulation could not come at a worse time for the UK economy. The implementation of AWD could reduce the flexibility of the temporary job market and, coupled with increase National Insurance contribution for employers, it is providing a tougher labour market and is likely lead to an increase in the level of unemployment. We are currently seeing some stability in the UK recruitment market, but it is still very fragile, and the goal must be to provide an environment that will encourage recovery of the labour market.

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