Story perspectives
UK Unemployment Hits 5% Amid Job Loss Crisis
11/12/2025
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Story summary
- Rachel Reeves, UK Chancellor of the Exchequer, faces criticism as unemployment reaches 5%, the highest since the pandemic.
- Over the past year, more than 180,000 jobs have been lost, with about 1,000 daily cuts.
- Experts attribute the decline to higher National Insurance contributions and the forthcoming Employment Rights Bill.
- The government plans to act.
- However, concerns remain that further tax increases could slow growth.
