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**Payroll Numbers and Vacancies Keep Sliding as Unemployment Creeps Up After Rachel Reeves’ Huge Tax Raid on Businesses**
The latest employment figures have revealed a worrying trend, with payroll numbers and vacancies continuing to decline amidst rising unemployment. This comes just days after Labor Secretary Rachel Reeves announced a massive tax raid on businesses, sparking widespread criticism from the industry.
As the news of the tax hike spread, many business owners expressed their concerns over the move, warning it would lead to job losses and economic uncertainty. Now, these fears seem to be materializing, with the latest data showing a sharp drop in payroll numbers and vacancies.
While some had initially speculated that the tax raid might boost consumer spending, the new figures suggest this has not been the case. Instead, the harsh reality is that the move has resulted in widespread layoffs and downsizing across various sectors, leaving many workers wondering about their job security.
Industry insiders are pointing to the obvious correlation between the tax hike and the alarming drop in payroll numbers, citing “unbelievable” circumstances that have led to this point.
Source: www.dailymail.co.uk
