The government needs to get their heads out of the sand over jobs losses - London Business News | Londonlovesbusiness.com
Briefly

The Federation of Small Businesses is urging the government to address rising unemployment figures from the Office for National Statistics, which indicate a current rate of 4.7 percent. This rise, compounded by wage growth slowing and payroll numbers dropping, has Julia McKenzie describing the situation as "disturbing." Increased employment legislation and tax hikes are considered detrimental to job creation. New FSB research indicates a growing number of small businesses are downsizing, prompting a call for evidence-based policy-making to support economic opportunities and combat rising joblessness.
Tina McKenzie asserted that current figures are "disturbing," suggesting an inverse relationship between job creation and increased employment costs, leading to fewer job opportunities.
The demand for the government to act urgently is underscored by the grim statistics from Office for National Statistics that reveal rising unemployment and stagnant wage growth.
Due to rising job taxes and numerous legislative changes, ministers are urged to base their decisions on factual evidence rather than unrealistic ideals, to foster job creation.
Recent FSB research indicates that 20% of small businesses reduced their workforce in Q2 2025, showcasing a troubling trend of businesses shrinking rather than expanding.
Read at London Business News | Londonlovesbusiness.com
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