The collapse in Britain's labour market eased only slightly last month, according to a survey on Wednesday from the Recruitment and Employment Confederation (REC) industry body which warns that a 'jobs crisis' is underway.
FILE PHOTO: The City of London financial district can be seen in London, Britain, March 9 2020. REUTERS/Henry Nicholls/File Photo
The figures from REC and accountants KPMG underscore the challenge facing finance minister Rishi Sunak ahead of an update to parliament, due around 1130 GMT, on measures to support workers through the aftermath of the coronavirus pandemic. “This is now a jobs crisis,” Neil Carberry, chief executive of the REC, said. “Rishi Sunak should use today’s Summer Statement to boost job creation, with a cut in National Insurance designed to retain jobs and boost hiring.”
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