Employment Expectations Drop to Lowest Level Since Covid as Reeves Tax Hikes Kick In

Now that April’s tax horror week – with Reeves’ budget taxes coming into force – is starting to set in the Chartered Institute of Personnel and Development has conducted its latest survey into employer confidence. It tells a familiar story…

The figures:

• Net employment balance down to +8 from +21 in autumn 2024 and +13 in the last quarter
• Private sector net employment balance down to +11.