Reeves’s Budget ‘risks biggest layoffs in decade’ as worker shortage puts 1.5m homes plan at risk: Live

Rachel Reeves is facing a challenging week as employers are warning of staff redundancies and record low small-business confidence due to Budget tax hikes. A survey by the CIPD revealed that staff redundancies are at their highest level in a decade, prompting criticism of the tax hikes as detrimental to the economy. Additionally, the Federation of Small Businesses reported that confidence among its members has hit a record low outside of the pandemic, while the construction industry warns of a workforce shortage hindering Labour’s housing crisis plans.

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