RE: Reeves will depart No 11 with her reputation in tatters21 Jun 2026 21:22
The UK's unemployment rate currently sits near 5%. This rise is primarily driven by cautious hiring from businesses facing higher labor costs (like the National Living Wage) and increased employment taxes, alongside companies pausing recruitment to see the impact of new technologies and AI.The combination of several intersecting factors is contributing to the current jobs market conditions:Rising Employer Costs: Recent government policy changes, including hikes in the National Living Wage and increases in employer National Insurance contributions, have made hiring significantly more expensive. This has particularly hurt sectors that rely on entry-level or low-skilled labor, like hospitality and retail......this was AI....