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The National (Scotland)
The National (Scotland)
National
Steph Brawn

Falling job adverts and rising redundancies spark fears of return to Thatcher days

JOB adverts are falling while potential redundancies are rocketing, according to fresh UK Government statistics, sparking fears Liz Truss’s government could be sending Scotland back to the economic dark days of Margaret Thatcher.

Figures from the Office for National Statistics show in the week ending September 30, job adverts were down 17% compared to the same period in 2021, with a gradual downward trend recorded since mid-February.

Alongside this, potential redundancies in the week ending September 25 shot up by almost a fifth compared to last year, with the number of employers proposing job cuts up 27%.

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