UK Jobless Rate to Hit 5-Year High: Tax Hikes Loom?

Britain braces for a potential jobs crisis! New forecasts predict unemployment will surge to a five-year high by 2026 as businesses fear tax hikes from Chancellor Rachel Reeves to plug a massive budget gap. With speculation swirling about increased taxes on companies, landlords, and investments, hiring freezes are spreading, and experts warn of a shrinking job market and slowing economic growth. Is Reeves' plan to avoid taxing workers about to backfire, pushing Britain towards a painful recession? Hosted on Acast. See acast.com/privacy for more information.