Firms too scared to take a chance on youngsters when taxes and minimum wages are higher, expert says UK labour market shows signs of stabilising after job losses Business live – latest updates Firms too scared to take a chance on youngsters when taxes and minimum wages are higher, expert says UK labour market shows signs of stabilising after job losses Business live – latest updates So much about the UK jobs market is influenced by Rachel Reeves. Without overdoing the blame, say many experts,