UK Loses Fewer Jobs Than Forecast as Reeves’ Tax Hit Fades

Rachel Reeves tax raid sees UK jobs hit two-year low

Hospitality and retail have been hit hardest, with pubs, restaurants and shops shedding staff

UK Loses Fewer Jobs Than Forecast as Reeves’ Tax Hit Fades

Britain’s jobs market appears to be past the worst of a £26 billion ($35 billion) tax hike by the Labour government, with payrolls falling only 8,000 in July — the lowest drop since January.

Is the UK Risking Its Future While the Job Market Cools? - Commonwealth Union

(Commonwealth_Europe) In July, there were growing signs that the UK jobs market is losing momentum. Businesses, facing a mix of rising costs and growing economic uncertainty, have become noticeably more cautious about hiring. A recent report from KPMG and the Recruitment and Employment Confederation, which the Bank of England closely monitors, showed just how much things have cooled. The index showed a significant decline in permanent job placem…