Employment Drops After Reeves Hikes Labour Costs – Guido Fawkes

Employment Drops After Reeves Hikes Labour Costs

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New labour market data is out from the Office for National Statistics. If you want to trust it…

Annual growth in average weekly wages excluding bonuses was 5.6% in the three months to March. Inflation looking sticky…

Worse payrolled employees fell by 53,000 – 0.2% – in the first three months of the year. That makes the number flat compared to last year. April figures, which are preliminary, show an additional drop of 33,000. Falling employment widely blamed on increased labour costs from Reeves’ NICs rise and minimum wage hike…