Reeves Tax Raid Blamed for Mounting Job Losses – Guido Fawkes

Reeves Tax Raid Blamed for Mounting Job Losses

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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 numbers plunged in July at the fastest rate since February. Private sector output growth slipped again in July, down to a limp 51.0 from 52.0 last month…

That makes it ten consecutive months of falling employment across both manufacturing and services. S&P Global’s Chris Williamson said:

“Higher staffing costs have exacerbated firms’ existing concerns over payroll numbers in the current environment of weak demand, resulting in another month of sharply reduced headcounts in July. The economy struggling to expand as we move into the second half of the year.”

Rachel Grieves probably getting used to these figures by now…