RACHEL Reeves is “killing growth and crushing jobs” as the unemployment rate hits a four-year high, the Tories have blasted.
The unemployment rate hit 4.8 per cent in the three months to August, which was up from 4.7 per cent in the previous quarter.
Rachel Reeves is ‘killing growth and crushing jobs’ as the unemployment rate hits a four-year high, the Tories have blasted[/caption]
Critics pointed to the national insurance rise this year, making it riskier for bosses to hire staff.
Shadow Welfare Secretary Helen Whately said: “The only thing growing under Labour is the unemployment queue and the national debt.
“Labour has killed growth and crushed jobs and livelihoods, with families paying the price.”
UK families will suffer the highest inflation in the G7 this year and next, according to warnings from the International Monetary Fund.
Prices will rise 3.4 per cent this year, up from 3.2 per cent forecast in July, the IMF predicted yesterday.
Next year inflation is tipped to ease to 2.5 per cent, again up from the previously predicted 2.3.
The target is two per cent.
And retail experts warn food inflation will even hit six per cent by the end of the year.
As Chancellor Rachel Reeves arrived in Washington DC yesterday for the annual meeting of the IMF, it lowered UK growth expectations for next year from 1.4 per cent to 1.3.
The unemployment rate hit 4.8 per cent in the three months to August, which was up from 4.7 per cent in the previous quarter[/caption]
