FIRMS WARN ON JOB CUTS AS TAXES BITE
City AM says high wage growth persisted in the three months to February, official data has shown, but a rapid drop in payrolled employment pointed to concerning trends in the labour market.
Annual growth in average weekly earnings excluding bonuses hit 5.9 per cent, the Office for National Statistics (ONS) said on Tuesday.
But separate tax data showed that businesses cut workers at the fastest pace since the start of the pandemic.
