UK economy resilient despite tax rises; US and UK hiring weak
A report says the UK private sector is booming despite an energy shock and over £80bn of tax rises, while a separate report flags a 'low fire, low hire' job market weighing on productivity.
Not yet known
- Unconfirmed: whether the UK private sector is booming despite an energy shock
- Unconfirmed: whether UK households are holding up despite the energy shock and tax rises
- Unconfirmed: whether tax rises since 2024 total over £80bn
- Whether a 'low fire, low hire' job market is hurting productivity in the US and UK
What we know
Market news accounts report the UK economy is defying gravity, with the private sector booming and households holding up despite an energy shock and more than £80bn of tax rises since Labour took power in 2024. Another report says a 'low fire, low hire' job market is hurting productivity in both the US and UK.
What people are posting
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“UK economy is defying gravity.”
View post →“Low fire, low hire' job market hurts US and UK productivity”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.