So the ridiculous 6% rise overnight in CT will go ahead after all in April. This will cause job losses - it's inevitable.
Basic mathematical example:
A company makes £500k profits. They currently pay £95k at 19%. From FY23 they will pay £125k at 25%. The difference = £30k. That £30k is someone's salary, and some businesses will cost cut rather than fully absorb the additional tax hit. Especially as we are about to enter recession, and quite possibly are already there.
Not to mention to completely unneccessary indecision and U-turning they have done on this issue. Some business have remodeled their cashflow and projections to stay at 19% and made financial decisions based on the rate not changing. Now they have to recalculate the figures again, but have potentially already spent or set aside some of that extra cash they believed they would no longer have to pay in CT.
Bad Policy. Very Bad.