The UK economy performed slightly better than expected in 2024, but recent months have seen a slowdown, raising specific concerns about the labour market.
Job postings in the UK experienced a 24% decline in 2024, with almost all occupational categories seeing reductions, except for legal, which saw a growth of 12%.
Economic forecasts for 2025 suggest GDP growth of approximately 1.5% to 2%, placing the UK in a balanced position among advanced economies.
Specific sectors could be impacted by policy changes including higher National Insurance contributions and increased minimum wages, particularly in retail and hospitality.
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