Labour’s labour problem – Standard Chartered
We lower our 2025 growth forecast to 1.0% (from 1.3%) owing to the slowdown in H2-2024. The UK labour market looks susceptible to further weakening as firms face multiple headwinds. This could exert downward pressure on wage growth, raising the risk of a faster BoE cutting schedule, Standard Chartered’s Economists Christopher Graham and Saabir Salad … Read more