UK employers cut staff numbers after the Labour government’s tax-raising Budget even as wage growth accelerated, official data showed on Tuesday.
Payrolled employment fell by 0.1 per cent between October and November and was 11,000 lower in the three months to November than in the previous quarter, according to figures from the Office for National Statistics.
Early estimates for December suggest a bigger month-on-month drop of 47,000 to 30.3mn in the payrolled workforce.
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