What do businesses say the Budget means for the jobs market?

CBI chief Rain Newton-Smith has said chancellor Rachel Reeves’ Budget caught firms ‘off guard’ - (PA)

Half of UK companies will cut jobs and two-thirds will recruit fewer staff, according to the boss of the UK’s top business lobby group.

CBI boss Rain Newton-Smith said Labour chancellor Rachel Reeves’sBudget has hit businesses, forcing them to consider expenditure on recruitment.