fromLondon Business News | Londonlovesbusiness.com
1 month agoUnemployment has risen by nearly 24% since Labour took office - London Business News | Londonlovesbusiness.com
The Office of National Statistics latest report shows unemployment has risen from 4.1% when Labour took office in July 2024 to 5.1% on Tuesday, an increase of around 24%. This is the sharpest rise in joblessness in several years and takes us back to levels last seen during the recovery from the pandemic. Businesses have been hit hard by Labour's increase to employers National Insurance Contributions (NICs) and National Minimum Wage (NMW).
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