Tax changes disproportionately harm female workers in the UK
- Rachel Reeves' £25 billion National Insurance tax adjustment will impact the employment landscape in the UK.
- Industry leaders highlight that part-time female workers in sectors like hairdressing will face the highest job risks.
- Critics and business experts are concerned this decision was not fully considered regarding its effects on women.
In the UK, Rachel Reeves announced a £25 billion National Insurance tax raid during her Budget speech, highlighting her position as the first female Chancellor. However, this decision has sparked criticism as industry experts indicate that it will adversely affect female employees, particularly in sectors that primarily employ part-time workers. The British Beauty Council noted that about 90% of those working in related industries are women, with 65% working part-time. Critics like Baroness Altmann argue the significant financial burden will fall on women, raising concerns if this impact was adequately considered. Business leaders stress that the increased payroll costs may lead to job losses in sectors employing many women, including hair salons.