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Jobs axed at second-fastest pace since financial crisis
British companies cut jobs at the fastest pace since the global financial crisis outside of Covid, a closely watched survey has found.Excluding the pandemic, the private sector suffered its sharpest drop in employment since 2009 as bosses tried to get ahead of Rachel Reeves’s £25bn National Insurance hike and the uplift to the minimum wage coming in April.It comes as the Chancellor scrambles to secure growth to balance the public finances amid a surge in Treasury borrowing so far this financial year.]]>
British companies cut jobs at the fastest pace since the global financial crisis outside of Covid, a closely watched survey has found.
Excluding the pandemic, the private sector suffered its sharpest drop in employment since 2009 as bosses tried to get ahead of Rachel Reeves’s £25bn National Insurance hike and the uplift to the minimum wage coming in April.
It comes as the Chancellor scrambles to secure growth to balance the public finances amid a surge in Treasury borrowing so far this financial year.]]>
Excluding the pandemic, the private sector suffered its sharpest drop in employment since 2009 as bosses tried to get ahead of Rachel Reeves’s £25bn National Insurance hike and the uplift to the minimum wage coming in April.
It comes as the Chancellor scrambles to secure growth to balance the public finances amid a surge in Treasury borrowing so far this financial year.]]>
