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America One News
14 Oct 2024
#economy
The Telegraph: Hiring falls to lowest since Covid amid fears of Reeves tax raid - latest updates
Businesses in the UK have reduced hiring to the lowest level since the pandemic, with only 56% seeking new workers. Concerns over potential tax increases and changes to employment rights are causing uncertainty, particularly in retail and professional services.
Transport, hospitality, and construction sectors remain eager to hire, but overall hiring activity is stalling. Experts urge the government to create a favorable budget to restore business confidence.