Large UK companies plan to cut hiring at fastest pace since pandemic, Deloitte says

Large British businesses plan to cut hiring this year at the fastest pace since the COVID-19 pandemic and scale back investment due to big tax rises announced in the government’s October budget, a survey showed on Monday.

Deloitte’s quarterly survey of chief financial officers at 63 of Britain’s largest companies echoed other surveys of smaller and medium-sized businesses also hit by the 25 billion-pound ($31 billion) hike in employers’ social