Since Labour assumed power, the UK has seen a significant loss of over 150,000 jobs. Businesses cite rising labour costs, particularly National Insurance Contributions, as major barriers to growth. The Federation of Small Businesses has voiced concerns over employer taxation and proposed changes in the Employment Rights Bill that could inflate unemployment rates. Shadow Chancellor Mel Stride criticizes Labour's tax policies, arguing they hinder job creation and investment, warning that these actions could have long-term economic repercussions for families and communities in Britain.
It's of course alarming to see the sustained fall in the number of employees on payroll.
The loss of 150,000 payroll jobs since Labour came to power is not just a statistic - it's a stark warning.
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