Drooid Logo
Back to today’s briefing

Story perspectives

UK Job Market Stalls Ahead of Budget Tax Hikes

12/8/2025

50 11 Full Breakdown

1 of 1

Story summary
  • Britain’s job market moved little in November as hiring paused ahead of finance minister Rachel Reeves' budget on November 26.
  • A KPMG and Recruitment and Employment Confederation survey shows permanent placements fell for the fifth straight month, the smallest drop since July 2024.
  • The budget revealed £26 billion in tax hikes, mostly spared payrolls.
  • Unemployment rose to 5.0% in the third quarter, and wage growth slowed.