James Wilcock

The REC and KPMG survey adds to the pile of evidence of a shakedown in the labour market.

Unemployment is near a five-year high, with many pointing to higher taxes making businesses start firing.

Normally, redundancies drop around Christmas, so the sharp move in the other direction is likely to worry Bank of England policymakers.

In London, James Woolcock, Bloomberg Radio.

Evidence suggests employers are cutting back on hiring.

The REC and KPMG survey adds to the pile of evidence of a shakedown in the labour market.

Unemployment is near a five-year high, with many pointing to higher taxes making businesses start firing.

Normally, redundancies drop around Christmas, so the sharp move in the other direction is likely to worry Bank of England policymakers.

In London, James Woolcock, Bloomberg Radio.