Reeves Slammed As 1,000 Jobs A Day Vanish Under Labour

 

 

Britain’s jobs market is in freefall — with 1,000 positions vanishing every day — as Rachel Reeves faces mounting fury over what critics are calling a “socialist jobs bloodbath.”

 

New Office for National Statistics figures show more than 180,000 workers lost their jobs over the past year, including 64,000 in just the last two months. Unemployment has now surged to 5%, the highest level since the pandemic, while long-term youth joblessness hit a decade high.

 

Experts and business leaders have pinned the blame squarely on Reeves’s £25 billion National Insurance raid, accusing the Chancellor of choking job creation and punishing employers just as the economy cools. “Hiring employees has become a costlier and riskier proposition,” said the Institute of Directors’ Alex Hall-Chen, calling the fall in employment a “direct result” of Labour’s new taxes and red-tape-heavy Employment Rights Bill.

 

Former Bank of England economist Andrew Sentance warned Reeves had been “told this would stifle job creation” — and said Britain is now living with the consequences.

 

Tory Shadow Chancellor Sir Mel Stride branded the crisis “a jobs bloodbath,” accusing Reeves and Keir Starmer of “taxing jobs, crushing business confidence, and dragging Britain back to pandemic-level unemployment.”

 

The public sector wage bill has also ballooned, with taxpayer-funded pay rises outstripping private sector growth — even as 4 million people now live on benefits without any work requirement.

Economists warn the damage may worsen if Labour pushes ahead with further tax hikes or scraps “salary sacrifice” schemes that help fund workers’ pensions.

 

“Madness,” said Panmure Liberum’s Simon French. “Labour is pressing on with costly reforms just as the jobs market collapses.”

 

Key Takeaways:

• Unemployment jumps to 5%, with 1,000 jobs lost daily under Labour.

• Reeves blamed for NI hike and “anti-business” policies that stall hiring.

• Experts warn the “madness” will deepen Britain’s economic slowdown.

[Source: Daily Mail]

 

 

 

Blame it on those who voted Labour, and probably those who now don't have a job...............😒