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.

Headcounts being reduced in response to higher taxes and uncertainty over US tariff threats, PMI survey shows

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…