Labour Stupidity31 Mar 2025 16:52
“Rachel Reeves’s raid on businesses will lead to the loss of 85,000 jobs, economists have warned, mostly affecting Britain’s lowest-paid workers.
The Resolution Foundation warned of potential redundancies ahead of the increase in employer National Insurance contributions (NICs) and the minimum wage, which the think tank claims will drive up the cost of employing a part-time low-paid worker by 14pc – the biggest jump on record.
Given the scale of the increase, which is the equivalent of £1,363 a year, the Left-leaning think tank predicts that employers will have to fire staff, reduce hiring or trim hours to cope with higher costs.
Nye Cominetti, an economist at the Resolution Foundation, said: “We find an employment effect of 85,000 in terms of average-hours jobs. It is a substantial number. Most of that employment effect is concentrated among low-earners.”
Who voted for these morons ? Not me……