Business theme
rim
URL section
wealth-management
3 February 2026

One in five SMEs forced to cut staff as tax burden weighs

Rising tax and cost pressures forced 21% of SMEs to cut staff, with owners squeezed by higher business and personal taxes, threatening investment and growth.

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Will Kinman

Will Kinman

Investment Director

Stuart Bailey

Stuart Bailey

Business Development Director

Jonathan Giles

Jonathan Giles

Managing Director, RIMI

Dharmash Mistry

Dharmash Mistry

Non-Executive Director (Independent)

Terri Duhon

Terri Duhon

Non-Executive Director (Independent)

Sarah Gentleman

Sarah Gentleman

Senior Independent Director – Rathbones Group Plc

Iain Hooley

Iain Hooley

Group Chief Financial Officer – Rathbones Group Plc

Henrietta Baldock

Henrietta Baldock

Non-Executive Director

Ruth Leas

Ruth Leas

Non-Executive Director

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