Tax raids driving UK into 'world's worst hiring slump'

CHANCELLOR Rachel Reeves’s tax raids on employers have seen the UK suffer the worst hiring slump across the world, figures suggested yesterday.

- By Samuel Norman

Britain had the biggest global drop in year-on-year planned hiring, contracting 17 percentage points.

Singapore, Hungary and Finland, which followed, all fell nine percentage points, according to data from recruiter Manpower Group.

On a quarter-on-quarter basis, the UK was still the worst hit, with a contraction of eight percentage points.

Manpower Group director Petra Tagg said: “The UK economy has stalled, and with it so has hiring.