Next CEO Warns of Job Losses

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Next boss: It could be harder for people to get first jobs

Summary

Nutrition label

79% Informative

Lord Wolfson says tax changes announced in the Budget could make it harder for people to enter the workforce.

Next boss calls on the government to stagger the tax changes over time, rather than introduce them in April .

Next 's wage bill is set to rise by 70 m, and this would lead to a cut in employee hours worked.

Next received 13 applications for every Christmas job vacancy this year up 50% on last year .

"Over the last five years the government has employed 100,000 more civil servants. "We can't go on spending over 40% of GDP on the public sector. It has to become more efficient and if the government can commit to doing that and deliver it then I think that will do more for business confidence than anything else.".

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful