New figures released today show that unemployment in the UK rose to its highest rate in nearly five years at the end of 2025. The unemployment rate climbed to 5.2% in the three months to December, from 5.1% in the three months to November, according to the Office for National Statistics (ONS) The rise in unemployment came as annual wage growth slowed, dropping to its lowest level in almost four years. The UK's economic growth has dampened, with a backdrop of slower hiring as businesses cut back due to higher costs. The ONS says that estimates numbers of employees on payrolls in the UK fell by 121,000 (0.4%) between December 2024 and December 2025, and by 6,000 between November 2025 and December 2025. This is based administrative data from HM Revenue and Customs (HMRC). When looking at the quarter from October to December 2025, to compare with ONS Labour Force Survey (LFS) estimates, the number of employees fell by 130,000 (0.4%) compared with the previous over the year and by 46,0...