Reeves Tax Raid Blamed for Mounting Job Losses

Job cuts are gathering pace again as the full force of Rachel Reeves’ ‘Awful April’ tax raid hammers through the economy. According to the latest S&P Global flash PMI, staffing numbers plunged in July at the fastest rate since February. Private sector output growth slipped again in July, down to a limp 51.0 from 52.0 last month…

That makes it ten consecutive months of falling employment across both manufacturing and services.[…] Read the rest