The CEO of Recruitment giant Reed has said the UK’s job market is being hollowed out. (Photo by Carl Court/Getty Images)The CEO of Recruitment giant Reed has said the UK’s job market is being hollowed out. (Photo by Carl Court/Getty Images)

Britain’s jobs market is being hollowed out just like it was in the 1980s thanks in part to Chancellor Rachel Reeves’ tax hikes, the chief executive of recruitment giant Reed has said, as the CBI warns the country is now seen as a less attractive place to invest than five years ago.

James Reed said there is a “severe jobs drought in the UK” which is being “exacerbated by the march of AI and factors such as the government’s increase in employer’s National Insurance ” contributions.

He added that “we may be facing a hollowing-out of jobs in the same

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