Commuters climb the stairs to exit Liverpool Street railway station in London.
Commuters climb the stairs to exit Liverpool Street railway station in London.Photographer: Chris Ratcliffe/Bloomberg

Christmas Job Ads at Recession Levels in Warning for UK Economy

Reed Recruitment says budget is hitting firms and consumers, adding gloom over Britain’s near-term prospects.

Demand for Christmas workers was barely higher in October than when Britain was in recession a year earlier, in a fresh sign of trouble for Europe’s second-largest economy.

Data provided by Reed Recruitment show there were 4,823 seasonal postings in retail, hospitality and transport during the peak month for Christmas hiring — just 1.2% more than in October 2023 and a third less than before the pandemic.