21/07/2026
Ever wonder why your turnover keeps growing but the money in the bank never quite seems to catch up?
A few reasons costs have crept up faster than most businesses priced for:
• Employer National Insurance is now 15%, and kicks in at a much lower threshold than in 2022
• The National Living Wage has risen sharply, with knock-on effects through the whole pay structure
• Borrowing costs are well above the near-zero rates many businesses built their plans around before 2022
• Corporation tax on profits above £250,000 is now 25%, up from 19%
None of these show up as a single hit. It's a gradual squeeze from several directions at once, which is exactly why it often goes unnoticed until someone steps back and looks at the bigger picture.