New figures from the Office for National Statistics show rate of unemployment rose to 5.1% in the three months to October, up from 5% in the three months to September. Tends to happen when you make employment more expensive…
Andrew Griffith, Shadow Business and Trade Secretary, said:
“Higher national insurance, rises in the minimum wage and more employment red tape have all pushed up the cost of hiring so employers are making do with fewer staff. This government must think jobs grow on the same tree as money. They simply don’t understand business.”
Vacancies are also declining. Even the Resolution Foundation blames tax increases…
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