UK Economy Update Winter 2024 with Geoff Riley

Geoff discusses some of the key data on the UK economy in the aftermath of the October 2024 Budget and the election of Trump as US President.

Can the UK economy break out of a slow-growth pathway as we head into a New Year? Several factors are dragging back expansion - not least a 77-year high for the tax burden, slower than expected interest rate cuts, allied to fragile confidence among businesses and consumers. Businesses are warning that rising costs - from higher minimum wages to increased national insurance and persistently high energy bills will likely hurt recruitment intentions in 2025.

#ukeconomy #inflation #costofliving

[tutornick]

Great summary.. I learnt a few things.. farmers need to pay what the rest of us have had to for years!

[imsportier]

could you do a video on the labour force in the uk