22 months of cuts: Jobs crisis deepens despite growth boostJob cuts across the private sector have lasted 22 months. A jobs slump across the services sector deepened despite new data suggesting that the UK economy benefitted from a boost to growth. “Labour’s disastrous Employment Rights Act, coupled with the jobs tax and business rates hikes, have sent businesses to the wall,” he said. “The fact that we have the longest run of services sector job losses since the global financial crisis is a damning indictment of this Government’s economic failure.” Jobs problems persistIn perhaps more comforting news for employees and job seekers, the latest month of job cuts was the softest rate recorded since October 2025.