UK companies show jobs for the fourth month in a row.

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British companies have reduced jobs for the fourth consecutive month in September in the longest period of employment decrease since 2021, in a sign of the continuous impact of Rachel Reeves in salary taxes last year.

British companies reduced job opportunities at an annual rate of 0.4 percent last month, according to a survey conducted by the Bank of England for senior financial officials published on Thursday. After the decrease after the decrease in the previous three months and almost reflected the expansion of the jobs since September 2021.

The companies’ expectations for annual growth in the number of employees decreased to zero in the three months to September, and the worst future view from the beginning of the year and the joint world since 2020, and when Covid-19 It led to a rise in layoffs.

The companies blamed the tax increases in Reeves first budget Last October, the recruitment decreased, which was reported in a series of other survey studies. The increase of 25 billion pounds in national insurance contributions, which were announced in the financial event, is paid in April, in addition to the high minimum wage.

After the financial event last year, which raised taxes by 40 billion pounds, Reeves said it “will not return more tax increases.”

But on Monday, Downing Street refused to exclude the possibility that Reeves would break the pledge of the Labor Party’s pledge not to increase income tax, value -added tax, or national insurance rates in order to help fill a financial hole of 30 billion pounds.

“Everyone can see last year that the world has changed and does not be entitled to this change,” Reeves told the Labor Conference.

The Bank of England, which covered 2000 companies and conducted in the first half of September, suggested an increase in NICS for employers and the minimum wage adds to wages and prices.

Companies raised prices at a faster rate of last month than they were in August, according to the survey, expected the growth of its prices of 3.7 percent next year, an increase of 3.5 percent before. Business enlargement expectations have also increased for the next year.

Meanwhile, commercial wages growth expectations for the next year, a major indicator of basic inflation, have been up to an annual rate of 3.6 percent, according to the survey.

“The decrease in employment in opening the reserve capacity does not decrease until the pressures and prices remain very high,” said Robert Wood, a Pantheon’s macroeconomic economist, and a consultant.

He added that the BOE survey would maintain the monetary policy committee “cautious”, noting that the numbers were consistent with the lack of greater cuts in interest rates this year – as is the case in financial markets.

This week, Sarah Braidin, Deputy Governor of the Bank of England, He said England should reduce inflation without hitting jobs and production.

In response to a question about their reaction to the increase of NIC, 42 percent of the companies included in the survey said that it reduces the number of employees, while 38 percent reported to the price increase. Two -thirds of companies have mentioned lower profit margins.

A quarter of companies said that they cut their jobs in response to the high minimum wage, as 37 percent informed prices.