Rachel Reeves' £20bn tax raid leads to thousands of job losses as wage growth cools
- Posted on July 17, 2025
- By The Daily Star
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Rachel Reeves' £20bn tax raid leads to thousands of job losses as wage growth cools

Thousands of jobs were lost in June, according to official data, as Chancellor Rachel Reeves' £20bn tax raid led to a cooling in wage growth and put the Bank of England under further pressure