The Chancellor is accused of wrecking jobs (Image: Getty)
Unemployment is up and the worst is yet to come, Chancellor Rachel Reeves was warned as employers reel at her “jobs tax”. The jobless rate hit its highest level for nearly four years while the number of available jobs slumped by 63,000 between March and May. There were just 736,000 vacancies – the lowest since April 2021.
Shadow Business Secretary Andrew Griffith warned “things are about to get even worse” with Deputy Prime Minister Angela Rayner’s overhaul of workers’ rights on the way.
Article continues belowADVERTISEMENT
Undo
DON'T MISS
Powered by
Disaster for Keir Starmer as tens of thousands demand general election now in new petition
Rachel Reeves tax bombshell as 3.35m people's savings to be hit
Embarrassing loopholes exposed in UK-France migrant deal - 'completely unworkable!'
Labour is conducting an assault on rural Britain with cruel family farm tax
Labour blasted for 'assault on rural Britain' with 'cruel' farmer tax raid
Rachel Reeves has lost Labour the election and sent farmers to Reform UK
Breathtaking betrayal of UK taxpayers that even Emmanuel Macron can see
Fury over suggestion state pension age could be increased to 80
Jeremy Corbyn at war with Angela Rayner over plans to concrete over Britain's allotments
Keir Starmer's false advertising and 3 assurances Labour are failing on
Trump signs deal to deport migrants to Rwanda in total embarrassment for Keir Starmer
Keir Starmer's smokescreen treaty with France will only escalate migration crisis
New poll reveals exactly what Brits think of migration - it's bad news for Keir Starmer
Yvette Cooper issues major update in migrant crime row: 'It's important'
Nigel Farage issues 8-word statement after Reform trans row erupts
Sadiq Khan's last resort shows exactly how Mayor of London's lost the plot
First migrants to be returned to France set to be detained within days
New poll reveals Keir Starmer and Rachel Reeves are now less popular than Donald Trump
How PM Nigel Farage can reverse 'strategic shrinkage' of Labour and Tories
How Rachel Reeves could stop migrant boats with one tax change
Disaster for Keir Starmer as tens of thousands demand general election now in new petition
Rachel Reeves tax bombshell as 3.35m people's savings to be hit
Embarrassing loopholes exposed in UK-France migrant deal - 'completely unworkable!'
Labour is conducting an assault on rural Britain with cruel family farm tax
Labour blasted for 'assault on rural Britain' with 'cruel' farmer tax raid
Rachel Reeves has lost Labour the election and sent farmers to Reform UK
Breathtaking betrayal of UK taxpayers that even Emmanuel Macron can see
Fury over suggestion state pension age could be increased to 80
Jeremy Corbyn at war with Angela Rayner over plans to concrete over Britain's allotments
Keir Starmer's false advertising and 3 assurances Labour are failing on
Trump signs deal to deport migrants to Rwanda in total embarrassment for Keir Starmer
Keir Starmer's smokescreen treaty with France will only escalate migration crisis
New poll reveals exactly what Brits think of migration - it's bad news for Keir Starmer
Yvette Cooper issues major update in migrant crime row: 'It's important'
Nigel Farage issues 8-word statement after Reform trans row erupts
Sadiq Khan's last resort shows exactly how Mayor of London's lost the plot
First migrants to be returned to France set to be detained within days
New poll reveals Keir Starmer and Rachel Reeves are now less popular than Donald Trump
How PM Nigel Farage can reverse 'strategic shrinkage' of Labour and Tories
How Rachel Reeves could stop migrant boats with one tax change
Disaster for Keir Starmer as tens of thousands demand general election now in new petition
Rachel Reeves tax bombshell as 3.35m people's savings to be hit
Embarrassing loopholes exposed in UK-France migrant deal - 'completely unworkable!'
Labour is conducting an assault on rural Britain with cruel family farm tax
Labour blasted for 'assault on rural Britain' with 'cruel' farmer tax raid
Rachel Reeves has lost Labour the election and sent farmers to Reform UK
Breathtaking betrayal of UK taxpayers that even Emmanuel Macron can see
Fury over suggestion state pension age could be increased to 80
Jeremy Corbyn at war with Angela Rayner over plans to concrete over Britain's allotments
Keir Starmer's false advertising and 3 assurances Labour are failing on
Trump signs deal to deport migrants to Rwanda in total embarrassment for Keir Starmer
Keir Starmer's smokescreen treaty with France will only escalate migration crisis
New poll reveals exactly what Brits think of migration - it's bad news for Keir Starmer
Yvette Cooper issues major update in migrant crime row: 'It's important'
Nigel Farage issues 8-word statement after Reform trans row erupts
Sadiq Khan's last resort shows exactly how Mayor of London's lost the plot
First migrants to be returned to France set to be detained within days
New poll reveals Keir Starmer and Rachel Reeves are now less popular than Donald Trump
How PM Nigel Farage can reverse 'strategic shrinkage' of Labour and Tories
How Rachel Reeves could stop migrant boats with one tax change
He said: “Labour have to think again. Only businesses create jobs and wealth in the economy.”
Chancellor Rachel Reeves is under fire for her shock hike to employers’ National Insurance Contributions. The unemployment rate has ticked up from 4.5% to 4.6% for the three months to April.
Powered By
10 Sec
Lee Claydon named as man who tragically died at Oasis concert
Next
Stay
The number of payrolled workers fell by 55,000 between March and April.
Sponsored
Learn More
6 Ways Retirees Can Potentially Minimize RMD Taxes
Undo
READ MORE: 'Britain's future is bright but Rachel Reeves's tax hikes pose real threat'
Jane Gratton of the British Chambers of Commerce warned “many firms are now freezing recruitment plans” while others are cutting staff numbers.
Liz McKeown of the Office for National Statistics, said: “There continues to be weakening in the labour market, with the number of people on payroll falling notably.”
She said feedback suggests “some firms may be holding back from recruiting new workers or replacing people when they move on”.
Julian Jessop of the Institute of Economic Affairs warned: “If you make it much more expensive to employ people, fewer people will be employed.”
He said hospitality and retail have suffered as a result of increasing employment costs.
“The one silver lining is that the cooling in the labour market will make it easier for the Bank of England to keep cutting interest rates,” he said. “But even this is a mixed blessing, because it reflects the renewed weakness of economic activity and slowing wage growth.”
Daniel Herring of the Centre for Policy Studies warned Labour risks “destroying jobs” by making it “more expensive” to hire minimum wage workers.
DON'T MISS
Powered by
Breathtaking betrayal of UK taxpayers that even Emmanuel Macron can see
Fury over suggestion state pension age could be increased to 80
Jeremy Corbyn at war with Angela Rayner over plans to concrete over Britain's allotments
Keir Starmer's false advertising and 3 assurances Labour are failing on
Trump signs deal to deport migrants to Rwanda in total embarrassment for Keir Starmer
Keir Starmer's smokescreen treaty with France will only escalate migration crisis
New poll reveals exactly what Brits think of migration - it's bad news for Keir Starmer
Yvette Cooper issues major update in migrant crime row: 'It's important'
Nigel Farage issues 8-word statement after Reform trans row erupts
Sadiq Khan's last resort shows exactly how Mayor of London's lost the plot
First migrants to be returned to France set to be detained within days
New poll reveals Keir Starmer and Rachel Reeves are now less popular than Donald Trump
How PM Nigel Farage can reverse 'strategic shrinkage' of Labour and Tories
How Rachel Reeves could stop migrant boats with one tax change
Keep Your Mind Sharp With SudokuClassic Sudoku |
Download
Undo
Disaster for Keir Starmer as tens of thousands demand general election now in new petition
Rachel Reeves tax bombshell as 3.35m people's savings to be hit
Put a Bread Clip in Your Wallet When Traveling. Here's WhyTrendGuruTips |
Undo
Embarrassing loopholes exposed in UK-France migrant deal - 'completely unworkable!'
Labour is conducting an assault on rural Britain with cruel family farm tax
Clinical trials are underway. Invest in OA research.Cytonics | StartEngine |
Learn More
Undo
Labour blasted for 'assault on rural Britain' with 'cruel' farmer tax raid
Rachel Reeves has lost Labour the election and sent farmers to Reform UK
Live Updates: Insurance Coverage GIP & GLP-1 AgonistsGoodRx |
Learn More
Undo
Breathtaking betrayal of UK taxpayers that even Emmanuel Macron can see
Fury over suggestion state pension age could be increased to 80
ED Holding You Back? Recharge with Viagra from Rex MDRex MD |
Learn More
Undo
Jeremy Corbyn at war with Angela Rayner over plans to concrete over Britain's allotments
Keir Starmer's false advertising and 3 assurances Labour are failing on
Encouraging news for Parkinson's patients!Curation Connect |
Learn More
Undo
Trump signs deal to deport migrants to Rwanda in total embarrassment for Keir Starmer
Keir Starmer's smokescreen treaty with France will only escalate migration crisis
Wrap Foil Around Doorknobs When Alone, Here's WhyTrendGuruTips |
Undo
New poll reveals exactly what Brits think of migration - it's bad news for Keir Starmer
Yvette Cooper issues major update in migrant crime row: 'It's important'
Wrap Tin Foil Around Your Bananas, Here's WhyHealthtippro |
Undo
Nigel Farage issues 8-word statement after Reform trans row erupts
Sadiq Khan's last resort shows exactly how Mayor of London's lost the plot
The Greatest Enemy Tinnitus Has? Try this trick tonight!HearWellCenter |
Undo
First migrants to be returned to France set to be detained within days
New poll reveals Keir Starmer and Rachel Reeves are now less popular than Donald Trump
How to Talk to Your Doctor About Switching to Branded GLP-1 MedicationsGoodRx |
Watch Now
Undo
How PM Nigel Farage can reverse 'strategic shrinkage' of Labour and Tories
How Rachel Reeves could stop migrant boats with one tax change
Disaster for Keir Starmer as tens of thousands demand general election now in new petition
Rachel Reeves tax bombshell as 3.35m people's savings to be hit
Embarrassing loopholes exposed in UK-France migrant deal - 'completely unworkable!'
Labour is conducting an assault on rural Britain with cruel family farm tax
Labour blasted for 'assault on rural Britain' with 'cruel' farmer tax raid
Rachel Reeves has lost Labour the election and sent farmers to Reform UK
Breathtaking betrayal of UK taxpayers that even Emmanuel Macron can see
Fury over suggestion state pension age could be increased to 80
Jeremy Corbyn at war with Angela Rayner over plans to concrete over Britain's allotments
Keir Starmer's false advertising and 3 assurances Labour are failing on
Trump signs deal to deport migrants to Rwanda in total embarrassment for Keir Starmer
Keir Starmer's smokescreen treaty with France will only escalate migration crisis
New poll reveals exactly what Brits think of migration - it's bad news for Keir Starmer
Last Chance: Invest in the Drone Company Beating Chinese CompetitorsHylio | StartEngine
Undo
Sponsored LinksSponsored Links
New AI Trading Bot for Beginners Delivers Impressive Gains in Just a WeekFX Market Insights
Undo
Sponsored LinksSponsored Links
An $390B disruptorCytonics | StartEngine
Undo
Sponsored LinksSponsored Links
Haven't updated in a while?McAfee.com
Undo
Sponsored LinksSponsored Links
Trending
Paige Tao, an economist at PwC UK, said employers faced the triple-blow of “rising national insurance costs, a higher minimum wage and escalating global tariffs”.
Richard Tice, the deputy leader of Reform UK, said: “The latest job figures are absolutely disastrous. Labour has shattered confidence in our economy and inflicted serious, long-term damage.”
Labour employment minister Alison McGovern claimed there were half a million more people in work than when her party took power, with people “benefiting from increased training opportunities”.
SUBSCRIBEInvalid email
We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. Read our Privacy Policy