Britain will suffer the biggest rise in unemployment of any major advanced economy as higher minimum wages put employers off hiring, the OECD has warned.
In the latest damning verdict on Labour’s economic policies, the Paris-based body predicts that joblessness will soar from 4.8 per cent last year to 5.5 per cent in 2026.
That is equivalent to an increase of around 250,000 in the dole queue.
The Organisation for Economic Cooperation and Development report said demand for workers had ‘continued to slow, especially in sectors most exposed to higher minimum wages’.
It echoes a series of warning from employers that the sharp rise
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