UK firms axe jobs at fastest pace for almost four years, survey finds

Firms cut jobs at fastest pace since 2021, Bank of England data shows

The Bank's survey of finance chiefs also shows that the pace of wage growth is set to slow on the back of increased taxes facing employers since April.

Bank of England: Businesses Cutting Jobs at Fastest Pace in Four Years

UK firms slashed jobs at the sharpest rate in four years this summer, according to a Bank of England survey. Wonder what Andrew Bailey has to say about

UK firms axe jobs at fastest pace for almost four years, survey finds

Companies are also increasingly pessimistic about future employment amid concerns over the wider economic outlook.