Britain’s private sector companies cut jobs at the fastest pace since February, a closely watched survey showed, as Rachel Reeves’s tax raid pushed up staffing costs.

Britain’s private sector companies cut jobs at the fastest pace since February, a closely watched survey showed, as Rachel Reeves’s tax raid pushed up staffing costs.

There is evidence that Rachel Reeves' £25 billion raid on employer national insurance - alongside a sharp rise in the minimum wage - is squeezing profits and making it harder to…