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…
Source link : https://www.theguardian.com/business/2025/jan/21/uk-jobs-market-rachel-reeves-budget-ni-rise
Author : Phillip Inman
Publish date : 2025-01-21 10:36:00
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Is UK jobs market already showing warning lights over Reeves budget?
