Bad news if you are in the UK: Over 200,000 employees are to lose their jobs in 2025 and Keir Starmer may have to take the blame
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How Will Labour's Policies Impact UK Businesses?
With statistics indicating 2025 will be the worst fiscal year for retailers since the pandemic, experts have painted a bleak picture of the high street, as quoted in a report by the Daily Star.
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Research on store and company closures on UK high streets was conducted by the Centre for Retail Research (CRR). Labour recently unveiled new policies in their budget that are reportedly going to have a significant impact on businesses.
They claimed that higher business rates and employment costs, which Rachel Reeves introduced in November, could result in the loss of up to 202,000 jobs the following year.
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