UK employers laid off staff at an accelerated rate in April due to escalating employment costs and the adverse effects of Donald Trump's tariff policies. The CIPD reported an unprecedented decline in employer confidence, leading to significant job cuts and hiring freezes. Increased national insurance contributions and rising wages also contributed to this grim outlook. A survey indicated a steep drop in the expectation of headcount increases for the coming months. The economic environment, further complicated by potential new legislation, raises concerns about the ability to recover and stimulate investment.
Higher employment costs and the uncertainty from Donald Trump's tariffs have caused UK employers to drastically cut jobs and freeze hiring, marking a severe drop in confidence.
The CIPD has reported that employer confidence in the UK is at an unprecedented low, correlating with significant job cuts and a decrease in anticipated hiring.
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