Rachel Reeve’s jobs collapse is trundling on. Figures just released by the Office for National Statistics (ONS) show that 155,000 payroll jobs were wiped out in the year up to November. Some 33,000 were lost in a single month.

In total, over 200,000 jobs have disappeared since the Chancellor’s first Budget when she announced a £25 billion raid on employer National Insurance. 

In response to that tax hike, and throughout the uncertainty in the run-up to Labour’s second Budget last year, business paused their hiring plans and stopped replacing staff as they left. They don’t appear to have begun rehiring. Flash estimates for December (which are very likely to be revised) show a........

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