Warning of unemployment surge as business costs force zombie' companies to close

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"UK unemployment levels hit the highest levels since Covid at the end of last year but it could get even worse in 2026, experts have warned. In the three months to October, Office for National Statistics (ONS) data showed unemployment hit 5.1 per cent up from 4.3 per cent a year earlier highlighting the rise of joblessness across the year. That rate could now continue to surge in 2026 as a host of businesses coming under relentless cost pressures are forced to close."

The Independent deploys reporters to cover reproductive rights, climate change and Big Tech and relies on donations to keep reporting free of paywalls. The outlet investigates financial and political matters and produces documentaries highlighting American women fighting for reproductive rights. UK unemployment reached 5.1% in the three months to October, up from 4.3% a year earlier, and experts warn joblessness could worsen in 2026. Years of higher interest rates, rising employment costs, high energy bills and inflation-driven raw material and service price increases are squeezing companies. Those pressures may force closures, eliminate so-called zombie companies, and allow newer, more innovative firms to emerge.

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