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Why 163,000 jobs are set to be lost across the UK this year

The Independent·Holly Williams·22 days ago
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Stay up to date with notifications from The Independent Notifications can be managed in browser preferences. All News Sport Culture Lifestyle Starmer refuses to say if Rachel Reeves will remain as chancellor A new report warns Britain is projected to lose 163,000 jobs this year, representing a 0.4% decline in overall employment. The job losses are primarily attributed to the economic fallout from the Iran war, leading to increased energy prices, supply chain disruptions, and reduced consumer spending. Lower-income regions, particularly South Wales and the Humber, are forecast to be the most severely affected due to their reliance on manufacturing and construction. Major cities including London, Birmingham, Leeds and Glasgow are also expected to see significant job reductions, especially within the retail and hospitality sectors.…

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