UK Hiring Drops to Record Lows Amid Rising Costs

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2 days ago

Above: U.K. commuters outside the Bank of England in London on Aug. 5, 2025. Image copyright: Jason Alden/Bloomberg/Getty Images

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The Spin

Right narrative

Rather than repairing the economy, Rachel Reeves and the Labour government have smashed it. By raising employers' NICs, along with a host of other taxes, as well as the minimum wage, the government has weakened the labor market and growth. To cover for their failures, Labour will raise taxes again, which will only perpetuate the economy's downward spiral.

Express.co.uk

Labour Party narrative

A year into government, Labour has made strong progress in restoring the foundations of the British economy after 14 years of Tory misrule, with lower interest rates, greater state-led investment and higher national minimum and living wages for working people. While it will take time and tough decisions, Labour’s economic plan will eventually return the U.K. to prosperity.

Daily Mirror