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Is UK jobs market already showing warning lights over Reeves budget?
Reports that government could weaken employment rights bill as NI rise prompts fears of redundanciesUK pay growth rises, adding to pressure to hold interest ratesBusiness live – latest updatesWhen the latest labour market figures were being gathered in the run-up to Christmas by the Office for National Statistics (ONS), employers were only just beginning to digest a budget that will load about £25bn on to their wage bills.The data from December showed pay increased in line with expectations, at 5.6%, but the unemployment rate was higher than City economists forecast, at 4.4%, and the number of vacancies fell for the 30th consecutive month. Continue reading...
Reports that government could weaken employment rights bill as NI rise prompts fears of redundancies
When the latest labour market figures were being gathered in the run-up to Christmas by the Office for National Statistics (ONS), employers were only just beginning to digest a budget that will load about £25bn on to their wage bills.
The data from December showed pay increased in line with expectations, at 5.6%, but the unemployment rate was higher than City economists forecast, at 4.4%, and the number of vacancies fell for the 30th consecutive month. Continue reading...
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