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UK firms continue to shed workers
The Journal
|September 17, 2025
THE deterioration of Britain's employment market has intensified, according to official figures, undermining Labour's ambition to enhance job creation.
Companies persisted in cutting staff as payrolled employee numbers fell by 6,000 in July, contributing to an annual decline of 142,000.
Early estimates indicate a further reduction of 8,000 payrolled workers in August, while the jobless rate remained at 4.7%.
This continued drop in employment figures will serve as a stark reminder to Rachel Reeves ahead of the Autumn Budget in two months’ time, with the Treasury anticipated to need around £30bn, predominantly through taxation increases.
This story is from the September 17, 2025 edition of The Journal.
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