The number of people looking for work surged in August at the fastest rate since November 2020, according to a survey by KPMG and the Recruitment and Employment Confederation. The jump in jobseekers comes as businesses sack staff and cut back on hiring ahead of Reeves’ Winter Budget…
Recruiters say “weak confidence” and “concerns over costs” are driving the slump in hiring as businesses brace for further tax hikes after Reeves’ record £40 billion tax raid last year. Jon Holt of KPMG warned:
“Given the speculation around upcoming Budget measures, it’s unlikely we’ll see a significant shift in recruitment patterns in the near term.”
Meanwhile, growth in starting salaries also eased back to the slowest pace for four-and-a-half-years. The party for non-working people…
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