How Reeves' tax hikes and rising costs are hurting the London job market

London hiring has continued its steep decline as employers suffer the consequences of Reeves’ tax raid and rising costs. The latest jobs report from KPMG and the REC showed demand for workers in the capital has “continued to deteriorate” with both permanent placements and temp billings slumping further. Permanent staff places, hires with no fixed end dates, fell for the fifth consecutive month. Elsewhere, temporary bills, which track the total income recruitment agencies earn from placing temporary workers with firms, tumbled for a twentieth straight month. Read the full story here 👇 https://www.cityam.com/london-hiring-slumps-as-employers-suffer-from-rising-costs/ Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: www.linkedin.com/company/cityam Produced by: Maisie Grice, Scarlett Wild, Emmanuel Nwosu