Lord Wolfson

Labour's tax hikes have led to a significant decline in entry-level jobs, according to Lord Wolfson, the chairman of Next. The statement highlights concerns about the economic impact of increased taxation on employment opportunities.

Next's CEO, Lord Wolfson, warns of a 'dramatic fall' in UK entry-level jobs, citing a surge in applicants per role from 10 to 19 in two years. The comments align with the Milburn report, which is expected to conclude the government has failed to address youth unemployment effectively.