Vauxhall’s recent announcement to close a plant, affecting over 1,000 jobs, has sparked discussions about the impact of the government’s electric vehicle targets on the automotive industry, with concerns that the industry’s rapid transition to electric vehicles is leading to significant investment and supply chain challenges, threatening UK manufacturing jobs.

The PM has acknowledged that the country faces significant challenges with unemployment and the impact of long-term illnesses on the workforce, urging reforms to address these issues and striving to improve job opportunities and support for affected individuals.

Tax increases in the UK budget are making it difficult for businesses to hire new employees, according to top executives, who warn that these measures could hinder efforts to reduce unemployment and boost the economy.

The UK economy is experiencing a downturn following recent tax increases implemented by the Labour government, leading to declines in the pound, stock market, and retail sales.