UK Firms Cut Jobs for Third Month as Tax Hike, Trade War Hit (3)

British businesses cut jobs for a third straight month in April as a £26 billion ($34 billion) tax hike took effect and Donald Trump’s tariffs darkened the global economic outlook.

The number of workers on payrolls dropped 32,532 to 30.3 million, according to tax data published by the Office for National Statistics on Tuesday. Job vacancies fell the most in over a year in a sign of weakening demand for workers.

The figures show firms responding to an increase in employment costs announced in the Labour government’s October budget, with payrolls falling by over 150,000 over the last six ...