Should Brits blame Rachel Reeves for the UK 'jobs recession'?
Economists widely blame Rachel Reeves' £20bn tax raid on employers. Her last Autumn Budget meant businesses saw costs spiral for every new employee hired, as firms have to contribute more national insurance for higher portions of salaries. Retail jobs have crumbled as executives at top hospitality companies have reported some 69,000 job losses. Additionally, independent surveys have also pointed to the ChatGPT effect. The employment platform Adzuna said job postings had dropped by nearly a third since its introduction. Matthew Elliott, the former political strategist who is now president of the Jobs Foundation, labelled the new data a 'jobs recession'. Click the link in our bio to read more about the story 🔗 #uk #news #jobs #jobcuts #layoffs #worktrends #work #economy #economics #finance #business #politics #labourparty #rachelreeves