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 that…
The BOE’s Decision Maker Panel survey reveals companies axed 0.5% of jobs in the three months to August, with bosses only pencilling in a pitiful 0.2% headcount boost over the next year. All thanks to Reeves’ Awful April tax hikes…
Meanwhile, S&P Global’s latest PMI reveals construction activity fell for the eighth month running in August, with confidence hitting its lowest level since 2022. Shadow Business Secretary Andrew Griffith said:
“Choosing to hold an ‘autumn’ budget within a month of Christmas Day will do nothing to help confidence. Will the No10 new economics team grip this if Chancellor won’t?”
As Guido pointed out yesterday Reeves’ decision to go for a Winter Budget may work against her. Torsten will be jingling the tax Bell come Christmastime…
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