Unemployment rises and wage growth falls: jobs tax “snuffing out growth”

14 Oct 2025

EMBARGO: IMMEDIATE RELEASE

Responding to the ONS' latest jobs figures, which show that the rate of UK unemployment has risen and wage growth has fallen, Liberal Democrat Treasury Spokesperson Daisy Cooper said:

"The Chancellor's jobs tax has left the Government up a creek without a paddle, snuffing out growth in our high streets and for small businesses, keeping people out of work and increasing the benefits bill even further. Wage growth is almost non-existent against inflation.

“This approach cannot continue while jobs are lost and shops shutter. The Chancellor must take the handbrake off our economy and go for growth. Aside from immediately scrapping the jobs tax, that means negotiating a bespoke UK-EU Customs Union to turbocharge our economy and raise billions of pounds to protect public services and struggling families.”

ENDS

Notes to Editor:

https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/uklabourmarket/october2025

 


 

 

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