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UK unemployment could hit 11-year high by late 2026 due to rising labor costs and hiring challenges.
UK unemployment may reach an 11-year high by end-2026, with forecasts of 5% to 5.5%, driven by rising labor costs from minimum wage hikes, national insurance increases, and new employment rules.
Businesses, especially in East Anglia, face hiring difficulties due to a skills shortage and soaring operating costs, prompting some to cut staff, reduce hours, or pause recruitment.
Industry leaders are calling for urgent government support as small firms struggle under financial pressure.
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El desempleo en el Reino Unido podría alcanzar su máximo de 11 años a finales de 2026 debido al aumento de los costos laborales y los desafíos de contratación.