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Payrolls down 94,000 and vacancies hit post-2014 low, Darren Grimes notes

Payrolls down 94,000 and vacancies hit post-2014 low, Darren Grimes notes
Payrolls drop as vacancies reach low

Darren Grimes reports that payrolls are down by 94,000 on the year, while job vacancies have dropped to 707,000, marking the lowest level outside of the Covid period since 2014. Unemployment has increased to 4.9%.

Grimes cites data from the Office for National Statistics indicating that small firms have stopped hiring due to the increased cost of employing people, attributing this trend to jobs taxes.

Grimes has previously questioned the taxpayer impact of £4 billion in student loans issued to foreign nationals. He has also noted Gary Lineker’s £4.9 million tax bill dispute with HMRC. Both reports focus on public finance pressures and tax-related issues.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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