UK ‘heading for recession’ amid ‘jobs car crash’ sparked by national insurance hike, recruitment giant warns

https://www.lbc.co.uk/news/uk-heading-for-recession-recruiter-warns/

Posted by weregonnamakit

20 comments

  2. Anyone who goes up against corporate profits will meet the wrath of corporate media and a huge amount of money pumped into rival parties.

    Edit: rath – wrath

  3. Someone sounds bitter their profits are down heading into the final financial quarter.

    Who the fuck uses Reed anyway?

  4. Can’t be true. I was told on Reddit just yesterday that everyone loves Reeve’s budget and that it’s pro growth.

  6. Well, if a recruitment agency says it’s true, then God damn it, it must be.!
    I mean, it’s not like they lie on a daily basis or anything, is it.? Salt of the earth, those folk..lol

  7. This country had a chance of a decent progressive government in 2017 but preferred to believe the lies and propaganda of billionaires.

  8. Reed is so so shite. Why would anyone give them a headline or think they know anything about anything?

    Oh wait, it’s the vested interests of the corporate elite! As always!

  10. I heard the guy who owns Reed saying job postings had gone down by 13% (or something). My initial thought was- about 60% of the ‘job adverts’ were trash anyway so that’s hardly any benchmark to suggest a recession surely?

  11. Who could have forseen that a tax on employment would have a negative impact on jobs!?

  12. Only thing guaranteed in the UK is that everyone will be working longer before they can hit that lovely retirement figure, and that’s if you make it there. Can’t remember many great years, i’m sure many will have a shock when the new council tax next year pops through the letterbox.

    It’s going to be a very long and hard slog for many.

  13. Why is everyone knocking this? In my profession, i have seen the job market tank, just take a look at the @ukjobs sub reddit for plenty of examples, this started before labour thro, 2023 was just as a bad

  14. Company I’m at are going to be in the region of £12m down due to the new taxes ( a fairly big company) so…..

    They are making lots of people redundant….. So that will work out well for the net taxes associated with my company. Outright told everyone that was the reason and in my area of approx 140 it looks like 30-40 are off. Not sure what it looks like in other departments but recruitment freeze and can probably wave goodbye to any bonus

  15. How much of the rich changing shit to keep their share untouched whilst reducing what the people who do the core work will the working people tolerate?

  16. Business dependant on big business argued big business case

  17. Are the effects really going to be as severe?

    Employer NI is currently 13.8% on salaries between £9,096 and £58,268, so an increase to 15.0% will be (if I’ve calculated correctly) £603.22 for those earning £58,268+ (8% NI increase, but equivalent to a 1.2% salary increase), £109.15 for those earning £9,096 (8.7% NI increase, equivalent to a 1.05% salary increase).

    So in most cases, couldn’t that be accommodated by slightly lower pay increases, given that the main employee rate of NI decreased from 12% to 8% under the previous PM?

  18. Think we’ve been in trouble for well over a decade in reality. You only need to look at the state of the high street to see that. Years of austerity have created this & brexit added to our woes not a government in for the last five minutes, despite their glaring faults.

  19. American Candy and Turkey Barbers are springing up everywhere… they will have lots of jobs

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