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UK firms cutting jobs at fastest rate for four years, survey finds
The Guardian
|September 05, 2025
UK businesses cut jobs at the fastest pace in four years over the summer, according to a Bank of England survey highlighting the impact from Chancellor Rachel Reeves's tax rises on businesses.
The monthly snapshot from a survey of chief financial officers from British businesses of all sizes showed firms reduced employment by an annual rate of 0.5% in the three months to August, the biggest decline since 2021.
Firms also reported a sharp fall in employment intentions for the coming year. Expectations for jobs growth weakened by 0.3 percentage points to 0.2%.
This story is from the September 05, 2025 edition of The Guardian.
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