Britain is facing a brutal jobs cull as 'Trumpflation' and Labour's tax hikes heap pain on businesses.Some 100,000 roles were wiped off company books last month - the most since the start of Covid - while vacancies slumped to the lowest level in five years. Hospitality and retail were among the worst hit.Separate figures showed the headline unemployment rate unexpectedly rose to 5 per cent in the quarter to March.Meanwhile, pay has been grinding to a halt - with private sector workers now seeing earnings fall relative to inflation. Experts said there were 'growing signs of distress' in the labour market, with businesses struggling to deal with mounting costs from the Government and Middle East crisis. Labour's leadership meltdown has inflicted another blow on confidence, with markets alarmed about a lurch to the Left if Andy Burnham takes charge. Donald Trump declared overnight that he had held off more strikes on Iran after pleas from Arab states, but there is little sign of the chaos easing. Brent Crude is hovering around $100 a barrel this morning, with the Strait of Hormuz - through which a fifth of global oil supplies typically pass - still closed. The RAC has warned that petrol and diesel prices could reach the highest level this week since the war began at the end of February.Although Rachel Reeves is poised to announce that a 5p rise in fuel duty will not go ahead in September, there are concerns that the Chancellor will need to raise more revenue to balance the books.