00:00I think there's a few things that businesses point to, which is hurting their own day-to-day
00:06operations. On the one hand, in the autumn budget last year, we saw a massive increase in taxation
00:12on businesses through national insurance rises, which businesses didn't expect. They were told
00:18before the election that national insurance wouldn't go up, and then it did. So that is an
00:22additional cost that is being passed on to customers, and that's why we're seeing higher
00:26inflation. The other factor, of course, is regulation, and Labour have passed a massive
00:31employment rights bill, which essentially means that it's going to be harder for employers to
00:37keep staff on, to recruit more people, and ultimately it's jobs growth, it's employment
00:43in an economy that ultimately results in prosperity around the country, and that's one of the other
00:50issues.
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