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Youth unemployment hits 11-year high as Labour tax rises bite

www.telegraph.co.uk for the latest news from the UK and around the world.·Chris Price·3 days ago
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1:52PM Signing off... Link copied to clipboard Thanks for following our coverage of the latest employment figures, showing youth unemployment at an 11-year high and vacancies dropping to a five-year low. Stay up to date with the latest developments here . 1:15PM Real household income to suffer worst drop in four years Link copied to clipboard Real household income will have its worst year since Russia’s invasion of Ukraine in 2022 as rising price pressures squeeze family finances, economists have warned. Real post-tax salaries per employee will fall by 1.7pc this year, before contracting a further 0.8pc in 2027, according to Oxford Economics. Households will resort to spending their savings as they struggle to secure stronger pay rises to mitigate the impending inflation shock, according to senior economist Edward Allenby.…

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