Firms too scared to take a chance on youngsters when taxes and minimum wages are higher, expert saysUK labour market shows signs of stabilising after job lossesBusiness live – latest updatesSo much about the UK jobs market is influenced by Rachel Reeves. Without overdoing the blame, say many experts, the chancellor’s tough budget last year and the likelihood of a repeat next month hangs over employers and how they recruit and pay staff.The latest official figures show a rising number of young people out of work in the three months to August. More broadly, unemployment rose to a four-year high and the number of vacancies fell. And then there was the stubborn increase in the public sector wage bill, which outpaced the much more modest increase in private sector wages. Continue reading...
Wednesday 15 October 2025
.theguardian - 19 hours ago
Young people are biggest victims of UK’s fragile jobs market
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