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

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By Andrew Atkinson and Tom Rees

May 13, 2025 at 2:10 AM EDT

Updated on

May 13, 2025 at 5:55 AM EDT

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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.