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Evening Standard
Evening Standard
Business
Henry Saker-Clark

UK firms axe jobs at fastest pace for almost four years, survey finds

Figures show UK firms have cut jobs at the fastest rate since 2021 (Victoria Jones/PA) - (PA Archive)

UK businesses cut jobs at the fastest pace for almost four years in August amid pressure from higher taxes and labour costs, figures show.

The Bank of England’s regulator survey of company finance chiefs shows UK firms cut employment by 0.5% over the three months to August.

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