None
FR
Private sector jobs are slashed for the first time since the pandemic - as the bloated public sector expands
['John-Paul Ford Rojas', 'Deputy Business Editor']
Articles | Mail Online
Jobs have been slashed in the private sector for 12 successive months for the first time since the pandemic – even as the bloated public sector continues to expand.
The grim milestone was revealed in a monthly business survey that lays bare Britain's deteriorating economic outlook under Labour.
Tory business spokesman Andrew Griffith said: 'Thanks to Labour's choices, productive private sector jobs have been cut for 12 months in a row – even as the public sector continues to balloon.'
Excluding the Covid period of 2020-2021, there has not been such a prolonged decline in private sector jobs since the financial crisis of 2008-2009.
Tuesday's PMI data also showed growth in private sector activity has slowed more sharply than expected to its weakest in four months.
['business'
'expands'
'pandemic'
'private'
'public'
'bloated'
'12'
'sp'
'growth'
'sector'
'survey'
'months'
'slashed'
'jobs']