Responding to the Government’s announcement of a new health and social care tax, Mid Yorkshire Chamber of Commerce managing director Martin Hathaway said: “The announcement of the new health and social care tax will be a tough cost for businesses to absorb, with many still facing uncertain and challenging circumstances as a result of the pandemic and fallout from Brexit.
“Businesses in our region are still facing very real supply chain issues as well as inflationary pressures and a significant number have taken out loans to see them through the pandemic. This additional cost could further push these firms into debt and uncertainty.
“Any additional costs for businesses will hinder their recovery and future growth, capping recruitment, investment and training opportunities at a truly pivotal time for the Yorkshire economy.
“Businesses need stability now more than ever and we need assurances that this is not the first of many more tax rises in the coming years.”