Desperate Times Job Cuts Soar Following Reeves Tax

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More than 300,000 small businesses plan staff cuts after the rise in employers’ national insurance and the minimum wage, surveys reveal Rachel reeves has left businesses disappointed following her spring statement on wednesday as firms continue to battle the october budget tax hikes. While no extra levies have been … · the budget tax raid on businesses has led companies to slash jobs at the fastest rate since the financial crisis, a survey shows. · companies are cutting jobs at the fastest pace since the global financial crisis, barring the pandemic, after rachel reeves announced £40bn of tax rises in the budget, … · the jobs market weakened further in july as employers cut payroll budgets in response to reeves’ £26billion tax increase, according to a survey closely monitored by the … Almost two thirds of companies plan to hire fewer people as a result of the budget as rachel reeves is accused of forcing employers into “damage control” mode. · analysis of official payroll data shows the uk jobs market is already in recession territory following reeves record tax raid. The number of people in work is falling at a pace … · the british economy faces significant headwinds as the latest labor market data reveals a steep decline in employment levels, with 276,000 jobs lost since the implementation … · job cuts are gathering pace again as the full force of rachel reeves’ ‘awful april’ tax raid hammers through the economy. According to the latest s&p global flash pmi, staffing …