People walking at the London financial district. — Reuters
LONDON: Demand for workers in Britain collapsed last month after the new Labour government’s first budget, a survey shows, adding to other signs of the impact of the tax increases on employers.
Yesterday, the Recruitment and Employment Confederation (REC) trade body and accountants KPMG said their index of demand for staff slid to 43.9, the lowest reading since August 2020, from October’s 46.1.
