Manufacturers hit out at NIC and minimum wage increases as report reveals nearly half fear going out of business

Nearly half of manufacturers (49%) have concerns about their business surviving in the next five years thanks to the impact of increases in the minimum wage and employers’ National Insurance Contributions, a new report has revealed. According to the The MyWorkwear Economic Report 2025 by personalised workwear specialist MyWorkwear, UK companies are facing a bleak outlook…