After Reeves and Starmer desperately tried to revive faith in investors in St Paul’s Cathedral’s crypt last night, they’ll be waking up to some grim reading. The talk of tax rises in the upcoming Halloween Autumn Statement has left bosses nervously counting the cost. According to the Office for National Statistics, annual wages grew by just 3.8% in the three months to August. The slowest rate since the pandemic…
Meanwhile, Britain’s unemployment rate edged down to 4% and vacancies plummeted by 34,000 to 841,000, the lowest since spring 2021. Payroll numbers aren’t looking much better either, with 35,000 fewer workers employed between July and August. Labour’s doom-mongering and tax hike chatter has businesses running scared…