Bank of England Issues Urgent Economy Warning as Employers Cut Staff at Fastest Pace Since Pandemic

Bank of England issues urgent economy warning as employers cut staff at fastest pace since pandemic

UK businesses slashed jobs in November at the fastest pace since 2021, sparking fresh concern inside the Bank of England

Jobs growth collapses ahead of budget as businesses cut staff at fastest rate since the pandemic – Your Capital Minds

British businesses shed staff at the sharpest rate in more than three years in the run-up to Rachel Reeves’s second budget, as months of swirling tax speculation paralysed hiring decisions and pushed employers into contraction mode. New figures from the Bank of England show private-sector employment fell by 1.8% in November – the steepest monthly drop since July 2021. Finance directors told the Bank they also expect to reduce their workforces by…

Jobs growth collapses ahead of budget as businesses cut staff at fastest rate since the pandemic

British businesses shed staff at the sharpest rate in more than three years in the run-up to Rachel Reeves’s second budget, as months of swirling tax speculation paralysed hiring decisions and pushed employers into contraction mode. New figures from the Bank of England show private-sector employment fell by 1.8% in November – the steepest monthly drop since July 2021. Finance directors told the Bank they also expect to reduce their workforces by…

Businesses cut staff at fastest rate since pandemic, says Bank of England

Employment fell 1.8% in November ahead of Rachel Reeves' Autumn Budget

Bank of England: Firms cut staff at fastest pace since pandemic

British businesses cut jobs at the fastest rate since the pandemic in the run-up to Rachel Reeves’ Autumn Budget. A closely-watched survey from the Bank of England, which quizzes finance directors on their staffing levels, showed employment in the private sector fell by 1.8 per cent in November – the steepest monthly decline since July 2021. The finance bosses also said they expect to cut headcount by around 0.7 per cent on average over the next…