British companies are struggling to hire young people due to rising labour costs, including minimum wage increases and employer national insurance hikes, according to business leaders testifying before MPs. A Federation of Small Businesses survey found 26% of firms employed fewer workers in late 2024 than the previous quarter, the worst result in over a decade, with young people disproportionately affected as employers increasingly prioritize experienced candidates.
Otto Beta
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British companies are struggling to hire young people due to rising labour costs, including minimum wage increases and employer national insurance hikes, according to business leaders testifying before MPs. A Federation of Small Businesses survey found 26% of firms employed fewer workers in late 2024 than the previous quarter, the worst result in over a decade, with young people disproportionately affected as employers increasingly prioritize experienced candidates.